Fred's Bullard: US economy will continue to grow above trend this year and next

St. Louis Federal Reserve President James Bullard, who on Friday called for a dramatic increase in the Fed's overnight lending rate to more than 3% this year, is crossing the wires with the following comments dripping through:

• FED'S BULLARD: RUSSIA'S WAR WILL MEAN LESS GLOBALIZATION, MORE FRAGMENTATION AROUND THE WORLD
• 23-Mar-2022 13:07:57 - FED'S BULLARD: DIRECT MACROECONOMIC EFFECTS ON U.S. ECONOMY FROM RUSSIA'S INVASION ARE NOT THAT LARGE
• 23-Mar-2022 13:08:28 - FED'S BULLARD: COULD EASILY BE THAT EUROPE IS PULLED INTO RECESSION AS RESULT OF WAR
• 23-Mar-2022 13:09:04 - FED'S BULLARD: WE'VE SEEN THESE KINDS OF OIL PRICES BEFORE, DIDN'T CAUSE A RECESSION IN U.S.
• FED'S BULLARD: U.S. ECONOMY WILL CONTINUE TO GROW ABOVE TREND THIS YEAR AND NEXT, LABOR MARKETS WILL CONTINUE TO IMPROVE FURTHER

More to come...