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 Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term under control
• inflation will also moderate partly on its own
• we 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 time
• don'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 year
• will not rule out a 75bp increase but the base case is not for more than 50bps at any meeting
• Fed 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???