In an interview with CNBC on Thursday, the president of the St. Louis Federal Reserve, James Bullard, reiterated that it would want the purchase program cut to be completed by the first quarter of 2022, Reuters reported. He said that there is a lot of inflation and that it is higher than expected.
“The delta variant will peak at some point, the message remains that the economy has been able to adapt to the pandemic,“stated Bullard.
“The continued high inflation will be everyone’s problem, particularly for lower-income families, if it continues, “said the US central bank official. He added that real wages at the moment are falling and lower-income families do not have the capacity to hedge against the risk of inflation. the risks of rising inflation.
On rising home prices, Bullard said they are a concern and the Fed should not be complacent about it.
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