November 20, 2013
St. Louis Fed President James Bullard said the cumulative progress in labor markets argument is the most powerful one for tapering the Fed's asset purchases. While there has been cumulative improvement since the program started, he noted that the question for tapering is whether that progress can be sustained going forward and whether inflation will move closer to the Fed's target. Bullard discussed these topics during an interview on Bloomberg Television's "Market Makers."
Having trouble with the video? Watch it here.
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."