President Bullard Discusses U.S. Economy, Interest Rates, Fed Balance Sheet at New York Forum
March 31, 2017
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St. Louis Fed President James Bullard shared his views on the U.S. economy and on appropriate monetary policy during an interview at the Quinnipiac Global Asset Management Education (G.A.M.E.) VII Forum in New York. He noted that the U.S. economy is in a slow-growth mode and that there hasn’t been much movement in inflation and unemployment in the past 18 months or so. Given the current environment, he said that the policy rate can remain relatively low and still keep inflation and employment near the Fed’s goals. He also discussed the Fed’s $4.5 trillion balance sheet and said that, in his view, the Fed should get going on balance sheet normalization by ending the reinvestment policy.
This segment of the interview was shown on the television program “Bloomberg Markets.” The full interview, which included audience Q&A, aired on Bloomberg radio.