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May 25, 2016
St. Louis Fed President James Bullard said in Singapore that U.S. labor markets are at or beyond full employment, which is probably the strongest argument for raising interest rates. However, he noted that other factors, such as the below-trend real GDP growth over the past year, may be causing some hesitancy.
During an interview on CNBC Asia, he also shared his views on data dependence regarding monetary policy decisions, press conferences after FOMC meetings and the impact of Britain’s possible exit from the European Union.
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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."