May 16, 2014 / 5:12 PM / 4 years ago

Fed's Bullard sees U.S. inflation picking up

LITTLE ROCK (Reuters) - U.S. inflation should pick up in the near future and approach the Federal Reserve’s 2 percent target, St. Louis Federal Reserve President James Bullard said on Friday.

He added that he considers the neutral fed funds rate to be four percent, factoring in 2 percent inflation.

Reporting By Howard Schneider; Editing by Andrea Ricci

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