St. Louis Fed Chief Bullard Worries About Deflation

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Generally, the Federal Reserve a lot of its time worrying about inflation. But lately, a very different fear is growing among some economists -- deflation could become a problem if prices begin to decline, since the Fed already has rates at near zero levels. St. Louis Fed President James Bullard has a new paper (.pdf) out worrying about this possibility. He was on CNBC this morning talking about the potential deflation problem. Here's a clip:



See three more video segments from this morning with Bullard on CNBC here, here, and here.

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Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.
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