April 17, 2017
St. Louis Fed President James Bullard addressed a wide range of topics during a Macro Musings podcast interview. For instance, he discussed how he became interested in macroeconomics and what it is like to be the president of a Federal Reserve Bank. In addition, he talked about what drives inflation and why inflation has been below the Fed’s 2 percent target in recent years. The interview also included a discussion of alternatives to inflation targeting, such as price level targeting and nominal GDP targeting. The interview concluded with a discussion of current monetary policy, in which President Bullard shared his views on reducing the size of the Fed’s balance sheet and his outlook for the federal funds rate target.
The interview occurred April 5.
President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."