Fed's Bullard sees U.S. inflation picking up

Politics Reuters

U.S. inflation should pick up in the near future and approach the Federal Reserve's 2 percent target, St. Louis Federal Reserve President James Bullard said on Friday.

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He added that he considers the neutral fed funds rate to be four percent, factoring in 2 percent inflation.

(Reporting By Howard Schneider; Editing by Andrea Ricci)