St. Louis Federal Reserve President James Bullard, who on Friday called for a dramatic increase in the Fed’s overnight lending rate to more than 3% this year, is crossing the wires with the following comments dripping through:
Key Qoutes:
Russia’s war will mean less globalization, more fragmentation around the world
Direct macroeconomic effects on US Economy from russia’s invasion are not that large
Could easily be that europe is pulled into recession as result of war
We’ve seen these kinds of oil prices before, didn’t cause a recession in US
US Economy will continue to grow above trend this year and next, labor markets will continue to improve further