April 6, 2016
St. Louis Fed President James Bullard noted that inflation measures are moving up and that some core inflation measures are close to 2 percent, which is the target of the Federal Open Market Committee (FOMC). "I think the idea has been that, as we continue to see stronger price movements, … we should probably continue to normalize the policy rate," he 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."