Speech
Three Challenges to Central Bank Orthodoxy
Abstract: October 2, 2015. In a speech to the Shadow Open Market Committee in New York, St. Louis Fed President James Bullard discussed the orthodox view of current monetary policy, which emphasizes that the FOMC's objectives are close to being met while monetary policy settings remain far from normal, along with three challenges to that view, which relate to strict inflation targeting, low real interest rates and globalization. He concluded that the U.S. economy will likely experience better outcomes if the monetary policy orthodoxy is preserved as the guiding principle.
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https://www.stlouisfed.org/~/media/Files/PDFs/Bullard/remarks/Bullard-SOMC-2-Oct-2015.pdf
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Speech
Publication Date: 2015-10-02
Number: 251