May 28, 2015
St. Louis Fed President James Bullard noted that, although the performance of the economy is getting closer to normal, monetary policy remains at emergency settings, with the near-zero policy rate. As long as incoming data are satisfactory, he would be supportive of starting to normalize monetary policy, he said.
President Bullard also discussed his new research working paper, "Optimal Monetary Policy at the Zero Lower Bound," co-authored with Costas Azariadis, Aarti Singh and Jacek Suda, during his interview on Bloomberg Radio's "Taking Stock." The first segment of the interview was also shown on "Bloomberg Markets."
Audio is no longer available.
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