Inflation ‘could get out of control,’ calls for action


James Bullard

Olivia Michael | CNBC

NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem.

“We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during a panel talk at Columbia University. “One scenario would be … a new surprise that hits us that we can’t anticipate right now, but we would have even more inflation. That’s the kind of situation that we want to … make sure it doesn’t occur.”

Bullard has made news lately with his calls for aggressive Fed action. He has advocated for a full percentage point in rate…


0 0 votes
Article Rating

Renault says chip shortage means 300,000 less cars in 2022

Previous article

The West has to reduce energy dependency on Russia

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy