March 23, 2016
St. Louis Fed President James Bullard said he is becoming increasingly concerned about whether the FOMC's policy rate projections are having the intended effect. He noted that they could be misinterpreted as a promise or commitment about what will happen with policy.
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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."