President Bullard on the Origins of the Financial Crisis - Part 2: Did the Fed Leave Interest Rates Too Low for Too Long?

June 11, 2009

St. Louis Fed President James Bullard discusses the origins of the financial crisis. Part 2 focuses on whether the Fed left interests rates too low for too long. Raising rates sooner may or may not have helped, but it wouldn't have fixed the problem.

Transcript (pdf)

James Bullard

James Bullard
President and Chief Executive Officer

Media requests
Laura Girresch

Executive Assistant to the President
Margo Gundlach

Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin

Senior Economist and Special Assistant to the President
Riccardo DiCecio


"Rationally, let it be said in a whisper, experience is certainly worth more than theory."
Amerigo Vespucci

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