Fed’s Bullard says he has “no problem” with overshoot on inflation

St Louis Fed president Bullard

• Yield curve inversion close to “crunch time” if Fed keeps raising short-term rates
• Debate over trade policy introduced some uncertainty for businesses but outcome will depend on what changes
• If trade resolved, some upside possible
• Economy is in very good shape

I don’t understand why this ‘overshoot’ debate is even a thing. Central banks everywhere overshoot on inflation all the time. It just happened in the UK and it’s sorted itself out. The Fed shouldn’t even need to address it.