Fed's Bullard
  • The market is focusing too much on banking strains

Maybe it's the Fed and regulators that should have been focusing a bit more on banking strains? The Fed was briefed on SVB in February and did nothing for years as Randal Quarles dismantled supervision and regulation.

  • I expect inflation to be stickier and the labor market strong
  • Markets 'should listen to me' on rate outlook
  • The Fed needs rates above 5%

The arrogance...