Bullard: low unemployment does not mean high inflation
Recent research shows US unemployment could fall to 2.5%, while inflation would be 1.86%, says St Louis Fed president
Low unemployment in the US is not about to unleash a sudden and sharp increase in inflation, says James Bullard, president of the Federal Reserve Bank of St Louis.
Despite the continued decline in unemployment in the US, inflation remains below the US Federal Reserve Board’s target of 2%. The unemployment rate stood at 4.3% in July, and inflation was 1.7%. The number of the unemployed is relatively low by recent historical standards, and “some people argue that this means higher inflation is
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