Business News- Fed’s Bullard warns of inflation potential-reuters

“I am concerned about a popular narrative in use today — the narrative being that the output gap must be large since the recession is so severe,” he said. “And so, any medium-term inflation threat is negligible, even in the face of extraordinarily accommodative monetary policy. I think this narrative overplays the output gap story.”

http://www.msnbc.msn.com/id/33268124/ns/business-stocks_and_economy/?ocid=twitter

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