President Bullard Speaks with Bloomberg about U.S. Economy, Monetary Policy - Part 2: New Characterization of Outlook

July 1, 2016

Regarding the St. Louis Fed’s new characterization of the U.S. macroeconomic and monetary policy outlook, President James Bullard explained that the St. Louis Fed wanted to break down the idea that the economy was converging to a steady state. One way to do that, he said, is to think of the economy in terms of a set of possible regimes. Appropriate monetary policy would then depend on the current regime.

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For more on this topic, see his speech in London on June 30, 2016, “A New Characterization of the U.S. Macroeconomic and Monetary Policy Outlook.”

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James Bullard

James Bullard
President and Chief Executive Officer

Media requests
Adriene Dempsey

Executive Assistant to the President
Margo Gundlach

Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin

Senior Economist and Special Assistant to the President
Riccardo DiCecio

Biographical

"Rationally, let it be said in a whisper, experience is certainly worth more than theory."
Amerigo Vespucci

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