February 12, 2014
Regarding forward guidance, St. Louis Fed President James Bullard noted that the thresholds have been useful in giving the clear message that the FOMC would be patient before raising the policy rate. His comments were during a panel discussion at the Annual Economic Update hosted by the European-American Chamber of Commerce and SGH Macro Advisors. (1:19:25)
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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."