FED'S BULLARD: FED RATE HIKES TO DATE HAVE HAD ONLY LIMITED EFFECT ON OBSERVED INFLATION.
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@financialjuice Remember the ad line "this is not your daddy's Oldsmobile?" Well, this is not your prior @federalreserve making stock saves job #1 They've said this now so many times already and perhaps markets take hold
@financialjuice What a novelty !! Never in history have only rate increases reduced inflation. Bullard, talk to Congress...