Fed’s Bullard says post-liftoff attention to shift to inflation

by Reuters  |  published on December 7, 2015

Once the Federal Reserve decides to raise interest rates, perhaps as soon as next week, attention will shift to actual movement in inflation to see if the central bank’s economic narrative proves accurate, St. Louis Fed President James Bullard said on Monday.

With unemployment low, policymakers have justified a liftoff of interest rates on the basis of “reasonable confidence” that inflation will rise to two percent and meet the Fed’s second policy goal.

“We are concerned about all the variables … The main one is particularly the inflation variable. We have to see if that actually starts to materialize,” Bullard said.

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