Fed’s Bullard says retailers who don’t understand that consumers are stretched thin by inflation are going to get ‘punched in the face’
Retailers who endlessly raise their prices and don’t understand that consumers are stretched thin because of inflation are going to lose market share, said St. Louis Fed President James Bullard on Friday. “A lot of CEOs have come on TV and said ‘oh I have lots of pricing power and I can do whatever I …