Fed’s Bullard Says Markets Underestimating Chances of Higher Rates
Federal Reserve Bank of St. Louis President James Bullard said financial markets are underestimating the chances that policymakers will need to be more aggressive next year in raising interest rates to curb inflation.
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### Instruction: Fed’s Bullard Says Markets Underestimating Chances of Higher Rates

### Response: Federal Reserve Bank of St. Louis President James Bullard said financial markets are underestimating the chances that policymakers will need to be more aggressive next year in raising interest rates to curb inflation.