Interest rates are likely to need to grind higher, Fed’s Bullard says

The Federal Reserve will likely have to continue to push interest rates higher but won’t make that decision until the data prove the case for more tightening, St. Louis Fed president James Bullard said.

After more than a year of pushing interest rates up at a rapid pace, the Fed is now is a new stance— able to let the data speak for itself, Bullard told reporters after a talk at the Economic Club of Minnesota in Minneapolis.

“I’m…