The First Steps toward Disinflation

James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: Inflation in the U.S. is comparable to 1970s levels, and U.S. inflation expectations could become unmoored without credible Fed action, St. Louis Fed President Jim Bullard said during a presentation in Barcelona, Spain. He noted that the Fed has reacted by taking important first steps to return inflation to the 2% target and that U.S. market interest rates have increased substantially, partially in response to promised Fed action.

Keywords: inflation; disinflation (search for similar items in EconPapers)
Date: 2022-06-20
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