Job hole or inflation? Fed policymakers split over risk view

Robert Kaplan and James Bullard, the chiefs of the Dallas and St. Louis Fed banks, respectively. On Thursday they separately warned that inflation could rise higher and stay high longer than many of their colleagues may anticipate. "Policymakers will have to take this new risk into account in the months and quarters ahead," Bullard told the Clayton Chamber of Commerce near St. Louis.

via Economictimes