Economics
Bullard Says Fed Can Slow Inflation Without Sparking Recession
- Fed able to disinflate in orderly manner, get soft landing
- St. Louis bank chief says Fed is committed to inflation target
James Bullard
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
The Federal Reserve may be able to slow inflation without sparking a recession in the US economy, Federal Reserve Bank of St. Louis President James Bullard said.
The US central bank has developed over time respect for its ability to tame price increases, marking a contrast to the 1970s, Bullard said Tuesday. And that increases the odds policy that makers can succeed in cooling prices while minimizing pain for the economy, he said. The same is true for the European Central Bank, he also said.