Bullard Discusses Oil Prices and Inflation on Multi-Stop Visit in Memphis
January 14, 2016
Presentation (pdf) | Press Release
During a presentation to the Economic Club of Memphis, St. Louis Fed President James Bullard discussed the decline in crude oil prices and whether it is a bullish factor for the U.S. economy. He also said that headline inflation in the U.S., which is currently very low, will return to the Fed's 2 percent target once oil prices stabilize. However, he noted that recent further declines in global oil prices are calling into question when such a stabilization may occur.
His presentation, titled "Oil Prices, Inflation and U.S. Monetary Policy," was part of a visit to Memphis during which he met with a variety of audiences at a variety of locales.
More than 175 people attended the breakfast meeting of the Economic Club of Memphis on Thursday to hear Bullard talk about oil prices, inflation and monetary policy.
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At the Economic Club meeting, Bullard (center) reached out to talk to many people in attendance, including Michael Drury, chief economist at McVean Trading, and Laurie Tucker, who is co-founder and chief strategy officer at Calade Partners as well as executive director of the Economic Club.
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Another stop in Memphis was at Start Co., a business incubator that focuses on digital startups. Listening to a presentation on one of the startups are (left to right) Douglas Scarboro, regional executive of the Memphis Branch of the St. Louis Fed; Andre Fowlkes, president of Start Co.; and Bullard. Speaking (with back to camera) is Ken Sills, chief technology officer of Preteckt.
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