The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Home > Latest from President Bullard > Speeches, Presentations and Commentary From the President “The First Steps toward Disin�ation” (Presented in Barcelona) June 20, 2022 Presentation (PDF) In�ation in the U.S. is comparable to 1970s levels, and U.S. in�ation 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 �rst steps to return in�ation to the 2% target and that U.S. market interest rates have increased substantially, partially in response to promised Fed action. Bullard delivered a similar presentation to the Economic Club of Memphis on June 1.