Fed official says 75 basis-point hike could be option if needed

April 19, 2022 7:11 AM

ATLANTA (BLOOMBERG) – Federal Reserve Bank of St. Louis president James Bullard said the central bank needs to move quickly to raise interest rates to around 3.5 per cent this year with multiple half-point hikes and that it shouldn’t rule out rate increases of 75 basis points.

Source : https://www.straitstimes.com/business/economy/fed-official-says-75-basis-point-hike-could-be-option-if-needed