Bullard Discusses the Environment of Low Interest Rates on Wharton Business Radio
September 28, 2018
St. Louis Fed President James Bullard said the U.S. economy continues to be in an environment of low interest rates due to low productivity growth, demographic factors and high demand for safe assets globally. He discussed the implications of this environment for monetary policy during an interview with Jeremy Siegel and Jeremy Schwartz on Wharton Business Radio.
Bullard reiterated his call for policymakers to look more at market-based signals, specifically Treasury inflation-protected securities and the yield curve, to try to extend the U.S. economic expansion. He also shared his views on labor force participation rates, current trade issues and the relationship between unemployment and inflation.
This content originally aired on Wharton Business Radio, Channel 132 on SiriusXM.