Fed’s Bullard Says Inflation Could Start to Pick Up Soon


Federal Reserve Bank of St. Louis leader James Bullard said higher inflation is coming to the U.S. economy, but didn’t indicate that would be a worrisome development.

The veteran central bank official said a host of forces were joining to put upward pressure on today’s weak price growth, in a virtual appearance Friday. He didn’t say how high he expects inflation to go and whether the shift would require a monetary policy response to keep the increase contained.

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