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November 18, 2016
St. Louis Fed President James Bullard shared his views on the aftermath of the U.S. election in an interview on “Bloomberg Daybreak: Americas” conducted at the Frankfurt European Banking Congress. He talked about the potential impact of proposed legislative action on the U.S. economy. He also discussed what is driving the low real (inflation-adjusted) returns on short-term government debt and indicated he did not see on the horizon any abrupt change from the current low-real-interest-rate regime. He said that the Fed should make monetary policy appropriately for that regime.
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."