- Will 'lean into' 50 bps hike at May meeting though he's data dependent
- Believes most of the balance sheet decision already priced in
- MBS sales 'not imminent'
- Geopolitical 'schism' from Ukraine war likely to last and realign some global markets
- Increase in Fed funds rate to neutral should be relatively cost-free in terms of any hit to the economy
This is nothing new from Bullard.
