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August 26, 2016
Given the lack of certainty about the long-run outcome for the U.S. economy, St. Louis Fed President James Bullard said that monetary policy should be set based on the current economic environment, which is characterized by low productivity growth and low real rates of return on government paper. During an interview on "Bloomberg <GO>," he also discussed monetary policy tools in future downturns and what drives economic growth in the long run.
More: Listen to the interview from Bloomberg Radio (Audio, 15:53).
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."