President Bullard Speaks with CNBC, Part 4: U.S. Policy Rate Outlook

June 30, 2017

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In London, St. Louis Fed President James Bullard shared his views on the outlook for the U.S. economy and monetary policy, potential regulatory relief for smaller banks, monetary policy in Europe, and the relationship between unemployment and inflation. He spoke Friday during an interview on CNBC’s Squawk Box Europe.

He said that the Federal Open Market Committee has been “too aggressive relative to the data” in recent months. In particular, recent inflation reports have been weaker and market-based measures of inflation expectations have declined since the FOMC’s meeting in March. He added that his outlook for the policy rate path is very flat.