Some Issues in Current U.S. Monetary Policy

December 9, 2013

St. Louis Fed President James Bullard discussed the data dependency of tapering, possible changes to forward guidance and improving Fed communications at a meeting of the CFA Society of St. Louis. Bullard said that data dependence encompasses both cumulative progress in labor markets since the FOMC's asset purchase program began and a judgment concerning the sustainability of that progress, although he also noted that inflation continues to surprise to the downside.

Presentation (pdf) | Press Release

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