Fed’s Bullard: Four Interest Rate Rises in 2022 Now Appear Likely

Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank will need to move more aggressively on rate rises this year as it seeks to stem an inflation surge, amid a job market that could see the unemployment rate fall below 3% by the end of the year.

“We want to bring inflation under control in a way that does not disrupt the real economy, but we are also firm in our desire to get inflation to return to 2% over the medium term,” Mr. Bullard said in a Wall Street Journal interview Wednesday.