US and European policy-makers feel ‘vindicated’ over aggressive hikes

James Bullard
James Bullard
Tom Campbell

In the US, many analysts are still clinging to the idea inflation is transitory, said James Bullard, president of the Federal Reserve Bank of St Louis, said at an event on October 15. He called a recent consumer price index inflation report, which ran hot, “vindication” of the Fed’s aggressive policy.

At the same event, Jacob Frenkel, former governor of the Bank of Israel, said inflation was hidden during the pandemic in rising housing and asset prices. It did not show up in the CPI until later

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: