April 17, 2013
Fed’s Bullard Emphasizes Inflation, Not Unemployment
By Greg Edwards
St. Louis Dispatch, April 17, 2013. All Rights Reserved.
St. Louis Fed President Jim Bullard said Wednesday the Federal Reserve should keep its focus on inflation instead of putting more weight on high unemployment.
More emphasis on unemployment “may be highly counterproductive,” he said at a conference in New York.
Bullard said he expects unemployment, which was 7.6 percent last month, will drop to the low 7 percent range by the end of the year.
He made the remarks at the annual Hyman P. Minsky Conference in New York City, organized by the Levy Economics Institute of Bard College.