Fed’s Bullard Says U.S Economy in a Slow-Growth Mode

The transcript discusses the debate over the number of rate hikes needed in the current economic environment. It highlights differing opinions within the FOMC, with some advocating for fewer hikes due to slow economic growth and stable inflation. The Saint Louis Fed argues against aggressive rate hikes, citing low GDP growth and minimal changes in unemployment. The discussion also covers inflation trends and the potential risks of preemptive rate hikes without strong economic data support.

What is the expected trend in PCE inflation according to the speaker?

What concerns does the speaker express regarding potential rate hikes?