• May 19, 2017

    Recent Developments in U.S. Monetary Policy

    St. Louis Fed President James Bullard said in St. Louis that U.S. macroeconomic data have been relatively weak since the Federal Open Market Committee (FOMC) met in March and raised the fed funds rate. Financial market readings since then “may suggest that the FOMC’s contemplated policy rate path is overly aggressive relative to actual incoming data.”
    Presentation (pdf) | Press Release

  • May 08, 2017

    A Calculation of the Natural Real Rate of Interest

    At an Atlanta Fed conference, St. Louis Fed President James Bullard examined the downward trend in the natural real rate of interest. He also discussed the implications of the low natural rate for the Fed’s policy rate.
    Presentation (pdf) | Press Release

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