Fed's Bullard: US will see inflation in 2021 and some will “hang on” in 2022

In a CNBC interview, Federal Reserve James Bullard has stated that the US will see inflation in 2021 and some will "hang on" in 2022.

He said that nflation 2022 could be 2.5% and that the economy is growing very rapidly.

Noting the Nonfarm Payrolls miss, he said it is a bit too early to expect strong job growth.