BULLard spoke yesterday.
It is said that — in THEORY — all OPINIONS are created equally.
We know that in PRACTICE, some opinions are MORE equal than others.
While Ka$kari — a dove now showing hawkish feathers — was funtertaining, you normally know what yer gonna get from the BULLard. This is why I thought a link thru to his presentation yesterday should be left up here to refer back to …
The Initial Response to the Inflation Shock of 2021
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,” Bullard added. “Subsequent rate increases during 2022 could be pulled forward or pushed back depending on inflation developments…The FOMC is in good position to take additional steps as necessary to control inflation, including allowing passive balance sheet runoff, increasing the policy rate, and adjusting the timing and pace of subsequent policy rate increases,
HERE IS A LINK to PDF (with charts, etc…)
AND for the record, here is a look at the FOMC lineup in 2022 via WFC: