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December 4, 2015
During the Philadelphia Fed Policy Forum, St. Louis Fed President James Bullard said that he still favors beginning monetary policy normalization in the U.S. However, given that the theme of the conference was "The New Normal for the U.S. Economy," he explored a scenario in which zero interest rate policy remains over the medium term. He also discussed implications of such a scenario for future monetary policy.
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."