St. Louis Fed President James Bullard it said Thursday that it is not a strong assumption that inflation will definitely dissipate in the next six months, as Reuters reported.
Featured statements
“My outlook for the US economy is quite optimistic.”
“Labor markets are very tight.”
“I think that at the end of the reduction next spring, the unemployment rate will be 3.5% or better.”
“Many American workers have retired.”
“The high level of core inflation in the PCE is worrying.”
“It would put a 50% chance that high levels of inflation will persist.”
Market reaction
These comments do not appear to have a significant impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index was down 0.07% on the day to 93.93.
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