Fed’s Bullard says inflation risks won’t be clear until later this year

Inflation is the No. 1 worry in the economy, but the picture about price pressure will be cloudy for most of this year, a top Federal Reserve official said Monday. “We’re in a period of a lot of uncertainty around inflation. The dust has to settle a little bit before we’ll find out where inflation really is and that probably happens later this year,” St. Louis Fed President James Bullard said, in an interview on Bloomberg Television.