Bullard Says US Interest Rates Still Need To Rise 300 Basis Points

James Bullard, president of the St. Speaking at the University of Missouri on Thursday, Bullard said that monetary policy benchmarks are using "generous assumptions" about current monetary policy. On March 16, the Fed already hiked the federal funds rate, with Jerome Powell announcing at the time a 25 basis point hike to a range between 0.25% and 0.50%, in what was…