In his column in The Regional Economist, St. Louis Fed President James Bullard discusses several proposals aimed at addressing the issue of financial institutions that are "too big to fail." He also shares some of his perspectives on the topic.
In St. Louis, President James Bullard discussed how the St. Louis Fed’s new approach to near-term U.S. macroeconomic and monetary policy projections differs from the old approach.
Presentation (pdf) | Press Release
Central banks around the world are struggling with inflation rates that are below their targets. According to conventional central banking wisdom, interest rate cuts should increase inflation, but that’s not working. Maybe—by Irving Fisher’s logic—increasing nominal interest rates increases inflation.