Speech
Changing Imperatives for U.S. Monetary Policy Normalization
Abstract: During a presentation to the CFA Society St. Louis, President James Bullard said that recent data-based developments?namely, further declines in inflation expectations and a reduced risk of asset price bubbles?likely give the FOMC more leeway in its normalization program. He also discussed the need for monetary policy to be more clearly data dependent and suggested that the FOMC may wish to consider changes to the way it approaches the policy rate projections in the Summary of Economic Projections.
Access Documents
File(s):
File format is application/pdf
https://www.stlouisfed.org/~/media/Files/PDFs/Bullard/remarks/Bullard-CFA-StLouis-17Feb2016.pdf
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Speech
Publication Date: 2016-02-17
Number: 261