(Reuters) – St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he pushed back against the idea of kicking off the coming tightening cycle with a half-percentage point hike.

“I don’t think a 50-basis point hike really helps us right now,” Bullard said in an interview with Reuters carried on Twitter Spaces https://twitter.com/i/spaces/1lPJqmADBNQJb.

(Reporting By Dan Burns; Editing by Chris Reese)