Fed’s Bullard leans toward 0.75 percentage point rate hike in September

St. Louis Federal Reserve Chairman James Bullard said on Thursday he plans to back another big rate hike at the central bank’s policy meeting next month and added that he was not not ready to say that the economy had seen the worst of the inflation surge.

« We should continue to move quickly to a policy rate level that will put significant downward pressure on inflation » and « I don’t really see why you want to extend interest rate hikes into next year », Mr. Bullard said in an interview with The Wall Street Journal.