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Bullard Says Fed's Inflation Framework Warrants Review

Kitco News

ST. LOUIS (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Wednesday that there is “a lot of support” among U.S. policymakers to review the central bank’s inflation target, even though the process may well lead to little change in the Fed’s current approach.

“People would like to at least have a discussion” about whether the 2 percent inflation goal should be changed, Bullard said in comments to reporters before an annual hosted lecture at the St. Louis Fed. “There are issues that should be aired and discussed. Even if you reaffirm your given framework I think that is best practice.”

Reporting by Howard Schneider; Editing by Leslie Adler

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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