Fed's Bullard: U.S. likely to miss inflation target for eighth year
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WASHINGTON (Reuters) - The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said on Thursday.Bullard said the pricing of inflation-protected securities showed that investors late last year began lowering their expectations about inflation, and now see the Fed missing its 2 percent target not just..