Federal Reserve Bank of St. Louis President James Bullard (pictured) stated on Wednesday that he hopes the Fed will raise rates to 3.75% to 4% this year.
The United States, he told CNBC, is not in a recession at this moment, and it still is possible to get a positive GDP in the second half of this year. In this regard, it is difficult to talk about a recession after job growth recorded in the year's first half.
Moreover, the slowdown in the year's second half was more concerning than in the first one; that's why he believes that convincing evidence is still needed that the inflation measures have done enough.
