Reuters expectations are taking hold.
Bullard’s business contacts in his Fed district and across the country usually “say” don’t worry, my business is going to be profitable as I will be raising prices and we have had no difficulty raising prices in this. environment, “” Bullard said at an event hosted by the International Economic Forum of the Americas.
Bullard is one of the US central bank’s strongest advocates for aggressive measures to tackle higher-than-expected inflation and he sees two interest rate hikes needed in 2022. Interest rates remain close to zero currently, where they have been since the onset of COVID. Pandemic of -19 early 2020.
“I’m concerned about the changing mindset, I would say, about pricing in the economy and the relative freedom that companies have to be able to easily pass increased costs on to their customers. For years, this has been the case. was not, ”added Bullard. .
(Reporting by Lindsay Dunsmuir; editing by)