Bullard: Fed 'should defend' inflation target, risks losing credibility otherwise

WASHINGTON (Reuters) - The Fed needs to mount a clear defense of its 2 percent inflation target or risk losing credibility, and possibly triggering a recession, if it continues raising rates until the pace of price increases strengthens, St. Louis Fed President James Bullard said on Thursday.

Bullard: Fed 'should defend' inflation target, risks losing credibility otherwise
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