Since cost of living varies across U.S. metro areas, St. Louis Fed President James Bullard says that adjusting for price differences is important for generating meaningful comparisons of living standards.
Some argue that low unemployment means substantially higher inflation is just around the corner. But James Bullard says that doesn’t appear to be the case.
Real GDP growth, slow since the recession ended in June 2009, can finally start to take off if labor productivity increases, says James Bullard.
Central bankers explain the methods to the madness of using expected inflation techniques to determine actual inflation.
The CPI and PCE price index are popular for measuring inflation. James Bullard suggests adopting a standard for estimating and adjusting for consumer inflation.
After the current quantitative easing program ends, it would be natural for the FOMC to put monetary policy on hold.
Should monetary policymakers focus on headline or core inflation to achieve low and stable headline inflation in the long run?
We’ll know more about the full impact of the Dodd-Frank Act once the rulemaking takes shape.