Fed’s Bullard Sees Inflation Risks as Americans Adjust to Prices
- St. Louis Fed chief forecasts core inflation of 2.8% next year
- Bullard among Fed officials taking more hawkish line on taper
James Bullard
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Surging inflation this year could be creating a new pricing psychology where both businesses and consumers are getting used to rising prices, Federal Reserve Bank of St. Louis President James Bullard said, creating risks in 2022.
“I am concerned about the changing mentality I would say around prices in the economy and the relative freedom that businesses feel that they can just pass on increased costs easily to their customers,” Bullard said Monday during a virtual panel discussion hosted by the International Economic Forum of the Americas.