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Fed's Bullard thinks inflation can come down without throwing a wrench in strong labor market

Por: MarketWatch Politics October 20, 2022

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“I think it is going to come from the product side of this process — where firms worry about the loss of market share — and for that reason they do not want to increase prices as rapidly as their competitors, and this leads to a 2% rate of inflation instead of an 8% rate of inflation,” Bullard said. Bullard marches to a different drummer than most Fed officials, who believe the labor market is the key driver of inflation. Those officials... + full article



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