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No inflation? These guys must not shop for groceries or pay medical insurance premiums
Fed's Bullard Says U.S. Likely to Miss Inflation Target for Eighth Year
Thursday, February 7, 2019
WASHINGTON -- The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said today.
Bullard said the pricing of inflation-protected securities showed that investors late last year began lowering their expectations about inflation, and now see the Fed missing its 2 percent target not just this year but for years to come.
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The Fed "needs to tread carefully going forward," Bullard said in remarks prepared for delivery at St. Cloud State University in Minnesota, his alma mater. Rate increases so far have "already been sufficiently pre-emptive over the last two years to contain upside inflation risk," said Bullard, who is a voter on interest rate policy this year. ...
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