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February 15, 2017
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St. Louis Fed President James Bullard shared his views on the outlook for monetary policy in 2017 and on the Fed’s balance sheet. The interview with Fox Business took place at the St. Louis Fed’s Economy Museum.
He said that current policy is putting upward pressure on the short end of the yield curve through actual and projected increases in the policy rate while putting downward pressure on the middle and long end of the yield curve by maintaining a large balance sheet. “I think you should be allowing all rates to go up simultaneously,” he said.
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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."