Jan. 30, 2015
St. Louis Fed President James Bullard said that the rising probability of quantitative easing in Europe throughout 2014 drove global yields lower, including U.S. yields. In addition to lower long-term interest rates, he cited low oil prices as a bullish factor for the U.S. economy. During an interview on "Bloomberg Surveillance," he discussed international developments, the effectiveness of quantitative easing and the data dependence of monetary policy normalization.
Audio of this interview is no longer available.