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.
The optimal inflation target in an economy with limited enforcement
Presented at New Perspectives on Monetary Policy Design. Sponsored by the Bank of Canada and the Centre De Recerca en Economia Internacional. Barcelona, Spain.
What role for asset prices in U.S. monetary policy?
Presentation at Bradley University, Peoria, Ill. - Sept. 5, 2001
Three Themes for Monetary Policy in 2019: a presentation at The 57th Winter Institute, St. Cloud State University, St. Cloud, Minn.
Speaking at St. Cloud State University in Minnesota, St. Louis Fed President James Bullard discussed three themes for monetary policy this year: (1) The Federal Open Market Committee (FOMC) may miss its 2 percent inflation target on the low side for the eighth consecutive year in 2019 based on current readings of market-based inflation expectations.(2) Labor markets have been performing well, but the feedback from labor markets to inflation has weakened considerably in the last two decades. (3) The Treasury yield curve has flattened significantly, and a meaningful and sustained inversion ...
Welcoming Remarks. Given at the Second Annual Community Banking in the 21st Century, The Federal Reserve System and Conference of State Bank Supervisors (CSBS), St. Louis.
Welcoming Remarks: Seventh Annual Community Banking in the 21st Century Conference
St. Louis Fed President James Bullard welcomed community bankers, academics, policymakers and bank regulators to the seventh annual Community Banking in the 21st Century research and policy conference. The conference is sponsored by the Federal Reserve System, the Conference of State Bank Supervisors and the Federal Deposit Insurance Corp.
Moderated Conversation: at the Ascension Investment Management’s Annual Conference
St. Louis Fed President James Bullard participated in a moderated conversation at Ascension Investment Management?s annual conference in St. Louis. He discussed a variety of topics, including: factors keeping real interest rates low, with the biggest one being increased demand for safe assets globally over the last 30 years; market-based inflation expectations, which remain below 2 percent on a PCE (or personal consumption expenditures price index) basis; the possibility of yield curve inversion, which he called a key near-term risk for the Fed; Fed communications, including having a press ...
Are real interest rates too high?
Presentation to the Money Marketeers of New York University, New York City - Sept. 21, 1999
From professor to policymaker: emerging from the shadow
Presentation to Washington University's Olin School of Business, St. Louis, MO - Nov. 15, 2002