Fed's Bullard addresses financial stress, inflation, and bond yields.

St. Louis Federal Reserve President James Bullard downplayed concerns over financial stress on the economic outlook, stating that financial stress readings have already retreated and financial conditions metrics remain low compared to the financial crisis of 2007-2009 and the onset of the pandemic in 2020. Bullard believes that the Fed needs to continue to raise interest rates to put pressure on high inflation, and that appropriate monetary policy can continue to put downward pressure on inflation.