The First Steps toward Disinflation

James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: St. Louis Fed President Jim Bullard presented “The First Steps toward Disinflation” virtually at an event hosted by the Economic Club of Memphis. Bullard noted that inflation in the U.S. is comparable to levels seen in the 1970s. He added that U.S. inflation expectations could become unmoored without credible Fed action, possibly leading to a new regime of high inflation and volatile real economic performance. The Fed has reacted by taking important first steps to return inflation to the 2% target, Bullard said, adding that market interest rates have increased substantially, partially in response to promised Fed action. Meanwhile, U.S. labor markets remain robust, and output is expected to continue to expand through 2022, he said.

Keywords: inflation; disinflation (search for similar items in EconPapers)
Date: 2022-06-01
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.stlouisfed.org/news-releases/2022/06/0 ... -toward-disinflation Presentation description (text/html)
https://www.stlouisfed.org/-/media/project/frbstl/ ... club-01-jun-2022.pdf Presentation slides (application/pdf)

Related works:
Working Paper: The First Steps toward Disinflation (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlps:94326

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().