(Reuters) – The U.S. April Inflation at 8.3% remained hot, but doesn’t require that the Federal Reserve move to 3-quarter-point rate increases yet, St. Louis Fed President James Bullard indicated on Wednesday.

Bullard stated on Yahoo Finance that the Fed’s plan to increase half-point is “a good baseline for now.” Increases of large amounts are not my main case. Bullard stated that he believes we have a solid plan.

One of Fed’s loudest advocates for faster rate increases shows how closely U.S. central banks have embraced the Fed Chair Jerome Powell’s plan to increase rates by half an point at two Fed meetings last week. This will allow them to take stock of inflation and determine what further action might be needed.

Bullard however reiterated Wednesday his belief that the Fed needs to continue to move in these half-point increments through 2022. He expects the Fed to push the federal funds rates to be between 3.25% to 3.5% by year’s end.

It’s higher that what other Fed officials projected.

Bullard however stated data may push the Fed to either side.

“I believe it’s more state contingent… We want it to be taken one meeting at time. He said that it is possible for inflation to moderate. There are many things that could happen to the real economy. We can’t promise what we’ll do in December.