SHANGHAI — Uncertainty about inflation in the U.S. is at its highest level in 30 years, St. Louis Federal Reserve Bank president James Bullard said Friday, but an improvement in the labor market would be needed before stimulus programs were withdrawn.

Bullard told a student audience in China that the time has come for some programs designed to offset the panic of late 2008 to be removed, but not those designed to support economic growth. He downplayed the threat that inflation currently poses to the economy but acknowledged that uncertainty is high.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.