The Fed's Decision on Interest Rates and Inflation Outlook

Former St. Louis Fed President, James Bullard, shares his views on the dot plot and the Federal Reserve's decision to leave interest rates unchanged. He believes the Fed's 'higher for longer' approach is appropriate given the absence of a recession and the need to bring inflation back to the target rate of 2%. Bullard also discusses the potential risks of inflationary pressures in the U.S. economy and the importance of monitoring core inflation closely. He highlights the positive outlook for the labor market and the potential for a soft landing, but emphasizes the need for continued vigilance in managing inflation.