Bullard: Does Low Unemployment Signal a Meaningful Rise in Inflation?

The unemployment rate in the U.S. is relatively low by recent historical standards. Some people argue that this means higher inflation is just around the corner, which they cite as a reason for the Fed to raise the U.S. policy rate (i.e., the federal funds rate target). In my view, however, low...
Bullard: Does Low Unemployment Signal a Meaningful Rise in Inflation?