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Fed’s hawkish Bullard steps down

st. Louis Fed President James Bullard’s 15-year term, Purdue University Mitchell E. Daniels, Jr. It is stated that he will start his new job as the dean of the Faculty of Business Administration.

st. Louis Fed President James Bullard has been one of the influential figures calling for aggressive rate hikes in the fight against the highest inflation in the last decades in the USA.

st. Louis Fed said in a statement that Bullard, 62, will be in St. Louis Fed President and on August 14, Purdue University Mitchell E. Daniels, Jr. He will be the dean of the Faculty of Business Administration.

Bullard had forced the Fed to take more aggressive steps to rein in inflation since mid-2021. Stating that the Fed’s assessment of price pressures as “temporary” was wrong, Bullard was one of the first members to call for massive rate hikes.

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