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The First Steps toward Disinflation

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Abstract
Inflation in the U.S. is comparable to 1970s levels, and U.S. inflation expectations could become unmoored without credible Fed action, St. Louis Fed President Jim Bullard said during a presentation in Barcelona, Spain. He noted that the Fed has reacted by taking important first steps to return inflation to the 2% target and that U.S. market interest rates have increased substantially, partially in response to promised Fed action.

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  • James B. Bullard, 2022. "The First Steps toward Disinflation," Speech 94372, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlps:94372
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    File URL: https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2022/the-first-steps-toward-disinflation-barcelona
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    File URL: https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/files/pdfs/bullard/remarks/2022/jun/bullard-axa-bse-20-jun-2022.pdf
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    Keywords

    inflation; disinflation;

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