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

0
6



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.



Source link