• March 26, 2015

    "U.S. Monetary Policy Normalization"

    St. Louis Fed President James Bullard discussed the recent removal of the word "patient" from the FOMC statement and factors that are weighing on the decision to begin normalizing U.S. monetary policy. During an event in Frankfurt, he said that now may be a good time to begin normalizing monetary policy so that it is set appropriately for an improving economy over the next two years.

    Presentation (pdf) | Press Release

  • January 2015

    "Liftoff: A Comparison of Two Normalization Cycles"

    In The Regional Economist, St. Louis Fed President James Bullard discussed the 1994 and 2004-06 normalization cycles and lessons that can be learned from them. For the upcoming normalization cycle, he said that the data dependency from the 1994 case plus the transparency from the 2004-06 case would probably provide the optimal method of returning the policy rate to normal.

    President's Message

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