Waiting too long to tighten could fuel inflation-Bullard

PRAGUE, March 29 (Reuters) – Waiting too long to tighten
monetary policy may produce “a lot of inflation” in the United
States and around the world, St. Louis Federal Reserve President
James Bullard said on Tuesday.

Bullard added that now, around 18 months after the end of
the U.S. recession, was around the time he expected the economy
to pick up and start growing “fairly rapidly”.

“Because we are so accommodative right now, the (policy
setting) FOMC may not be willing or able to wait until every
single global uncertainty is resolved before we can begin
normalising policy,” Bullard said in a speech at an economic
conference in Prague.

“If we wait too long we will get a lot of inflation in the
United States and around the world.”
(Reporting by Jan Lopatka; writing by Michael Winfrey)

Waiting too long to tighten could fuel inflation-Bullard