President Bullard Appears on CNBC's "Squawk Box" - Part 6: Bubbles, Inflation Target

November 4, 2013

According to St. Louis Fed President James Bullard, the modern incarnation of the gold standard is to say the central bank will target inflation. Bullard noted that with an inflation target, the central bank tells people what it is trying to do and is held accountable for hitting the inflation number it chooses.

• Part 1: Tapering Asset Purchases, Labor Markets
• Part 2: Inflation, Fed's Balance Sheet
• Part 3: QE Effectiveness, Tapering
• Part 4: Fed Transparency
• Part 5: QE as Conventional Monetary Policy
• Part 6: Bubbles, Inflation Target
• Part 7: Economy as Driver of Policy

Having trouble with the video? Watch it here.

Related News Articles:

• Bullard Says Jobs Not Sole Determinant of QE Buying Pace, by Jeanna Smialek, Bloomberg.
• Low inflation means no hurry to taper stimulus, top Fed official says, by Jim Puzzanghera, Los Angeles Times.
• Fed's Bullard says he's patient on taper, by Greg Robb, MarketWatch.
• Fed's Bullard: monetarists need to re-examine inflation models, by Alister Bull, Reuters.
• Bullard calls Fed's billions in bond buying 'a torrid pace,' St. Louis Business Journal.