Fed's Bullard: Seeing two rate hikes in 2022

St. Louis Federal Reserve President James Bullard told Fox Business Network on Monday that he sees the Fed hiking its policy rate twice in 2022, as reported by Reuters.

Additional takeaways

"If we had to, we could end the taper somewhat sooner than June."

"If inflation is more persistent, we may have to take action a little sooner."

"We have done a lot to move policy in a more hawkish direction."

"We have quite a bit of inflation."

"I expect supply chain disruptions to extend through 2022."

Market reaction

Investors showed little to no reaction to these comments and the US Dollar Index was last seen losing 0.04% on a daily basis at 94.18.