Bullard Warns More Stimulus Risks 1970s-Style Inflation
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Federal Reserve Bank of St. Louis President James Bullard said additional monetary stimulus by the Fed risks fueling inflation similar to three decades ago.
“If you try to push really hard, even harder, you might get a lot of inflation in the U.S.,” Bullard said in a CNBC interview today. “You might replay the 1970s. I’m telling you, people will not be happy if we go to that situation.”