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Fed’s Williams: 50 bps hikes at next two meetings ‘make sense’ as base case

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If inflation is higher an interest rate that adjusts for higher inflation is neededYou can imagine circumstances where we don’t need to go much above neutral but that will be decided, we will learn on the waySays he has no reluctance to hike above neutral if neededSays financial conditions haven’t over-reactedAs long as demand is very strong, it’s difficult to resolve supply chain issuesWe’ve heard plenty from Williams today.

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