"We've got a long ways to go and I think inflation is going to be sticky going forward, it's going to be difficult to get inflation back down to the 2% target ... so we are going to have to stay at it in order to apply pressure to make sure inflation gets back down," Bullard told the Arkansas Bankers Association in Little Rock, Arkansas.
He long been in favor of reaching an endpoint for rates higher and faster than many of his fellow policymakers in order to quash inflation, which by the U.S. central bank's preferred measure is still running at more than twice the target rate.
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