Former St Louis Fed President Bullard says we are in a higher-rate regime

<p>Think St Louis Fed President James Bullard would shy away from the media after retiring from the St Louis Fed? Not a chance. No one loves to talk more than Bullard and he resurfaced today just ahead of Jackson Hole.</p><p>Some highlights of his interview with <a href="https://www.bloomberg.com/news/articles/2023-08-24/bullard-says-reaccelerating-us-economy-could-prompt-higher-rates?utm_medium=social&amp;utm_source=twitter&amp;cmpid=socialflow-twitter-business&amp;utm_content=business&amp;utm_campaign=socialflow-organic&amp;in_source=embedded-checkout-banner#xj4y7vzkg" target="_blank" rel="nofollow">Bloomberg</a>:</p><ul><li>“I think the probabilities are that we are in a new regime that will be a higher interest-rate regime"</li><li>“Inflation is above target today. Core inflation is likely to be sticky and come down rather slowly.” </li><li>"The biggest question now is the re-acceleration in the economy" (he cited GDPNow)</li><li>“This reacceleration could put upward pressure on inflation, stem the
disinflation that we’re seeing and instead delay plans for the Fed to
change policy.”</li><li>"There is some talk about base effects fading and going in the other way in the second half of the year so we'll see how that goes"</li></ul><p>I don't think there's much here to digest as Bullard was saying the same things before he left his post.</p>

This article was written by Adam Button at www.forexlive.com.