Fed's Bullard believes the current US rate setting is "slightly restrictive"

(Reuters) – US Federal Reserve interest rate hikes in December likely shifted monetary policy into a slightly restrictive territory, a step beyond the neutral level that policymakers hoped to hit, the president said on Thursday. from the St. Louis Federal Reserve, James Bullard.

Bullard said that, on a corrected inflation basis, his estimate of a neutral rate for the United States would be about zero, while current rates are above zero and therefore "a We are putting downward pressure on inflation, which is already too weak.