Bullard: decline in unemployment to boost inflation

Source: Bloomberg
© Scanpix/Reuters
James Bullard, the President of the Federal Reserve bank of St.Louis, announced on Thursday that a considerable decline in the jobless rate in the U.S., namely under 6%, can significantly raise risks of inflation. He expects the CPI to reach 2.4% by the end of the next year, above the Fed's 2% target. Therefore, there is an increased probability of the key rate's advance in 2015.
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