President Bullard Discusses Income Inequality and Monetary Policy

June 26, 2014

St. Louis Fed President James Bullard addressed three questions concerning U.S. monetary policy and income inequality during remarks at a Council on Foreign Relations event. He discussed whether quantitative easing affects income inequality, the impact a higher inflation target may have on the poor, and whether current monetary policy hurts savers.

Following his prepared remarks, titled "Income Inequality and Monetary Policy: A Framework with Answers to Three Questions," President Bullard answered questions on his outlook for economic growth, inflation and unemployment; the FOMC's reinvestment policy; and income, wealth and consumption inequality.

Video courtesy of the Council on Foreign Relations.