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June 26, 2014
With respect to inflation and unemployment, St. Louis Fed President James Bullard noted that the FOMC is closer to its goals than it has been about 75 percent of the time in the postwar era, while monetary policy remains far from normal. For more on this topic, see President Bullard's speech on June 9, 2014, "How Far Is the FOMC from Its Goals?"
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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."