Fed Policy 'Exacerbating the Inflation Problem': Bullard

The transcript discusses the unexpected rise in inflation over the past year, highlighting the Open Market Committee's initial expectations and subsequent policy responses. It explains the actions taken during the pandemic, such as lowering policy rates and quantitative easing, and outlines future policy adjustments anticipated for 2022. The discussion emphasizes the forward-looking nature of financial markets and their reaction to policy signals.

What is the significance of the phrase 'quantitative easing' in the context of the committee's actions?

What implications do the financial markets have on the committee's policy decisions?