July 12, 2013
St. Louis Fed President James Bullard discussed "Recent Developments in Monetary Policy," at the Global Interdependence Center’s 5th Annual Rocky Mountain Economic Summit. Pres. Bullard cautioned against taking policy actions based on forecasts alone, and suggested holding off on policy decisions until better macroeconomic outcomes materialize in the months and quarters ahead.
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"Rationally, let it be said in a whisper, experience is certainly worth more than theory."