President Bullard Appears on CNBC's "Squawk Box" - Part 6: Bubbles, Inflation Target

November 4, 2013

According to St. Louis Fed President James Bullard, the modern incarnation of the gold standard is to say the central bank will target inflation. Bullard noted that with an inflation target, the central bank tells people what it is trying to do and is held accountable for hitting the inflation number it chooses.

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