James Bullard, Speech: The Initial Response to the Inflation Shock of 2021
Page(s): 29
“The U.S. pandemic recession ended 20 months ago. U.S. real gross domestic product (GDP) has more than fully recovered, and labor market performance continues to improve.”
“The FOMC could begin increasing the policy rate as early as the March meeting in order to be in a better position to control inflation.”
“Subsequent rate increases during 2022 could be pulled forward or pushed back depending on inflation developments.”