Discussion of 'debt and incomplete financial markets' by Kevin Sheedy
March 21, 2014. Presentation. Brookings Institution, Washington, D.C.
Safeguarding good policy practice
Presentation to the Reflections on Monetary Policy: 25 Years After October 1979 a conference held at the Federal Reserve Bank of St. Louis, St. Louis, Mo., Oct. 8, 2004
More on Three Challenges to Central Bank Orthodoxy
During the 57th NABE annual meeting, St. Louis Fed President James Bullard discussed the orthodox view of current monetary policy, which emphasizes that the FOMC's objectives have essentially been met while monetary policy settings remain far from normal. He also discussed three challenges to that view, which relate to strict inflation targeting, low real interest rates and globalization. He noted that the orthodoxy suggests a prudent policy of returning policy settings to more normal levels gradually over time, providing plenty of monetary accommodation during the transition to guard against ...
The U.S. economic situation and recent monetary policy developments
April 18, 2011. Presented at Kentucky Day with the Commissioner, Louisville, Ky.
Central bank transparency: why and how?
Presentation at the Philadelphia Fed Policy Forum, Philadelphia - Nov. 30, 2001
What Is the Best Strategy for Extending the U.S. Economy’s Expansion?: a presentation at the CFA Society Chicago—Distinguished Speaker Series Breakfast, Chicago, Ill.
In Chicago, St. Louis Fed President James Bullard discussed a possible strategy for extending the U.S. economic expansion. He said his preferred approach relies on placing more weight on financial market signals, such as the slope of the yield curve and market-based inflation expectations, than has been customary in past U.S. monetary policy strategy. He explained that the empirical relationship between inflation and unemployment (the so-called Phillips curve) has largely broken down over the last two decades, leaving monetary policymakers without a clear guidepost for action. ?Handled ...
A Low Inflation Surprise for U.S. Monetary Policy : a presentation at AMCOT 2017 Conference, Nashville, Tenn. August 7, 2017.
St. Louis Fed President James Bullard discussed several aspects of the current macroeconomic situation during a presentation in Nashville, Tenn. He noted that recent data indicate that real GDP growth remains consistent with the low-growth regime of recent years. On inflation, he said that recent inflation outcomes have been unexpectedly low, below the Fed?s inflation target of 2 percent. Bullard also examined headline inflation?s connection to global commodity prices and whether the low U.S. unemployment rate means that inflation is about to increase substantially. In summary, Bullard said, ...
A Long, Long Way to Go
During an event in Nashville, Tenn., St. Louis Fed President James Bullard discussed the case for monetary policy normalization, noting that the FOMC's objectives for unemployment and inflation have essentially been met but policy settings remain far from normal. He said that, even during normalization, the Fed's highly accommodative policy will be putting upward pressure on inflation, encouraging continued improvement in labor markets, and providing the best contribution to global growth that the Fed can provide.
Will regulatory reform prevent future crises?
Delivered at the CFA Virginia Society, Richmond, Virginia.