Fed Needs to Keep Raising Rates, Bullard Says

The video discusses the recent shift in monetary policy towards a neutral level and the move into restrictive territory to control inflation. It highlights the need to maintain this stance through 2023 and into 2024, considering historical inflation trends. The speaker believes inflation will decrease but not as quickly as markets desire.

What is the speaker's baseline expectation regarding inflation rates?

How does the speaker perceive the speed at which inflation will come down compared to market expectations?