Fed's Bullard: High inflation may not dissipate back to Fed's 2% goal

St. Louis Fed President James Bullard reiterated on Monday that he is concerned inflation risks are to the upside, as reported by Reuters.

Additional takeaways

"High inflation may not dissipate back to the Fed's 2% goal."

"We are going to have more inflation than we are used to for some time."

"My business contacts say they have had no difficulty raising prices."

"That raises risk of changing mentality around inflation."

Market reaction

These comments don't seem to be helping the greenback gather strength against its rivals. As of writing, the US Dollar Index was down 0.35% on a daily basis at 93.73.