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 In�ation Shock of 2021 December 3, 2021 Presentation (pdf) | Press Release During a presentation in Clayton, Mo., for the Missouri Bankers Association, St. Louis Fed President Jim Bullard said that there has been an unexpected in�ation shock in the U.S. during 2021, and that U.S. monetary policy has so far remained very accommodative. Asset price in�ation has been substantial as well, he added. He said that U.S. real GDP has fully recovered and that labor markets are quite strong and likely to get stronger. He also noted that pandemic risk remains. “These considerations suggest, on balance, that the Federal Open Market Committee (FOMC) should remove monetary policy accommodation,” he said.