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Speech
Bullard Discusses U.S. Economy and Monetary Policy during UBS Panel
St. Louis Fed President Jim Bullard shared his views on various aspects of the U.S. economy and monetary policy during a panel discussion at the UBS European Conference 2021.Bullard said he thinks that U.S. real GDP growth coming in softer than expected in the third quarter is “a temporary phenomenon,” with growth being pushed out to the fourth quarter and through next year. He expects real GDP growth to be higher than 4% for all of 2022.In discussing the very tight labor market in the U.S., Bullard cited the unemployment-to-vacancies ratio, the unemployment rate and a labor market ...
Journal Article
Higher-Than-Expected Inflation, Delta Variant Could Slow Real GDP Growth
The U.S. economic expansion has shown rapid growth, solid job gains and falling unemployment, but rising inflation pressures and the COVID-19 Delta variant could interfere.
Speech
U.S. Economy Booming