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Fed's Bullard says inflation is now rising
« on: June 10, 2014, 08:25:50 pm »

Quote
WASHINGTON (MarketWatch) - There is evidence that inflation is now "moving higher," said James Bullard, the president of the St. Louis Fed, on Monday. This is a significant shift in Bullard's outlook. Only last month, Bullard said that inflation was stable and any uptick in price levels was just a forecast. Last year Bullard was very concerned about low inflation, even dissenting from a Fed policy statement over concern the central bank wasn't doing enough on the issue. "With inflation still below target, albiet rising, and unemployment still high, but falling, the Fed faces a classic monetary policy challenge...how quickly should the committee move to return monetary policy to normal given improving labor market conditions?" Bullard asked. In his prepared remarks, Bullard did not venture an answer his own question about the pace of policy tightening, saying only that the debate is likely to "garner significant attention" as the economy continues to improve. Bullard is not a voting member of the Fed policy committee this year.

http://www.marketwatch.com/story/feds-bullard-says-inflation-is-now-rising-2014-06-09-9911024?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Fmarketpulse%20%28MarketWatch.com%20-%20MarketPulse%29
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