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St. Louis Federal Reserve Chair Says Inflation Rate Could See Some Relief this Year

FILE - This May 4, 2021, file photo shows the Federal Reserve building in Washington. The Federal Reserve on Friday, Feb. 18, 2022 formally adopted sweeping new rules that will limit the ability of its top officials to invest in financial markets, a change intended to prevent . (AP Photo/Patrick Semansky, File)

(MISSOURINET) –  It’s no surprise, but the cost of just about everything in Missouri – and the rest of the nation – has increased significantly…but relief could be coming this year according to U.S. Federal Reserve.

President and CEO of the Federal Reserve Bank in St. Louis, James Bullard, addressed a gathering at the University of Missouri in Columbia on Thursday.

He said even though inflation is at its highest rate since the late 1970s and early ‘80s, the economy will grow this year by close to three percent.

Bullard says that growth will bring even more jobs.

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