Bullard Optimistic About Fed‘s Inflation Control Plan
Fed St. Louis President James Bullard said the Fed has a good plan to fight inflation.
Bullard is optimistic about the Fed’s Inflation Control Plan. Speaking at the energy industry conference, Fed St. Louis President James Bullard made optimistic forecasts for the US economy despite the risks originating from Europe and China.
Bullard said the “super-strong” US labor market would help support consumer spending and keep the economy on track.
“We’re going to see a pretty good performance in the US in 2022 and 2023.” Bullard said that the most pressing problem facing the Fed is inflation, but it has a good plan to cool the pressure on prices.
“We want to implement these increases in a way that is transparent and causes minimal disruption to the economy. However, while doing this, we will be aware that assets will be repriced based on the policies followed and there will be some fluctuations in the financial markets.”
We Leave the Pandemic Behind
Pointing out that the vaccination rates are high, Bullard said, “Although there are many problems involving the European and Chinese economies, I do not expect Europe to go into recession. However, the invasion of Ukraine can change this outlook.”
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