April 6, 2016
The Federal Open Market Committee (FOMC) has repeatedly stated that monetary policy normalization would be gradual and data-dependent. "You want to wait for data to accumulate and let the meeting unfold as appropriate, and I think that's where we are," St. Louis Fed President James Bullard said.
During his interview on Bloomberg Radio's "Taking Stock," he also discussed monetary policy tools, the FOMC's "dot plot" and the effects of lower oil prices on the U.S. economy. This segment of the interview was also shown on the television program "Bloomberg Markets."
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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."