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
Related News Articles:
- Bullard Sees Odds of Taper Rising Along With Labor Gains, by Steve Matthews, Bloomberg.
- Fed President Bullard: The Fed Should Start The Taper Small, But Pause If Inflation Doesn't Pick Up, by Sam Ro, Business Insider.
- Fed's Bullard: Recent Job-Market Gains Boost Case for Fed Taper, by Michael S. Derby, Dow Jones.
- Fed's Bullard: Stimulus tapering more likely as labor market improves, Investing.com.
- Fed's Bullard floats idea of small taper in December, by Greg Robb, MarketWatch.
- Fed's Bullard: Taper Would Recognize Job Progress, Markets Would Digest, by Steven K. Beckner, Market News International.
- Fed could do 'small' QE3 taper to recognize job gains: Bullard, by Ann Saphir and Jason Lange, Reuters.
- Fed's Bullard: Jobs Growth May Lead To Small Taper In December, RTT News.
- St. Louis Fed's Bullard sees no economic bubbles on the horizon, by Greg Edwards, St. Louis Business Journal.
- Job gains support tapering, but inflation doesn't, Bullard says, by David Nicklaus, St. Louis Post-Dispatch.
