News Releases and Headlines
St. Louis Fed President James Bullard
Nov. 14, 2014
"Does Low Inflation Justify a Zero Policy Rate?"
St. Louis Fed President James Bullard discussed whether current macroeconomic data can rationalize the exceptionally low setting for the policy rate. During an event in St. Louis, he said that inflation at the current level is not enough to justify remaining at the zero lower bound. He added that low inflation can justify a policy rate somewhat lower than normal, but not zero.
"A Commitment to Serving the Public"
In the St. Louis Fed's centennial commemorative report, President James Bullard noted that the decentralized, regional structure of the Federal Reserve System has been an important aspect of its design over the past 100 years. For example, the structure allows input from around the country for important policy decisions. He also discussed what he sees for the Fed's next 100 years as well as his vision for the St. Louis Fed.
Fed System News
News from the Fed System comes from various sources, including the Federal Reserve's Board of Governors web site, the Fed's Financial Services web site and other Fed System sites.
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