Fed’s Bullard says inflation is far too high, the Fed has a good plan in place

Federal Reserve Bank of St. Louis President James Bullard inflation is far too high for comfort, the Fed has a good plan in place market pricing based on anticipated Fed tightening is helping us keep inflation under controlinflation will also moderate partly on its ownwe want to get to neutral rates expeditiously we should try to get above neutral as early as the 3rd quarter, but one step at a timedon’t want to disrupt markets but we need to move fast 3.5% is the minimum Fed funds rate needed, we can’t do this all at once but should try to get there by the end of this yearwill not rule out a 75bp increase but the base case is not for more than 50bps at any meetingFed needs to ratify the rate increases that are partially priced into markets already Gotta wonder about these guys … inflation is far too high but its under control. What???