August 6, 2018
In London, St. Louis Fed President James Bullard shared his views on the U.S. labor market, the yield curve, trade and the impact of higher oil prices on the U.S. economy. He spoke Aug. 6 during an interview on CNBC’s Squawk Box Europe.
He explained that, with the U.S. set to become the biggest producer of oil next year, higher oil prices will likely be close to neutral for the U.S. economy. He said while higher oil prices could hurt consumers, the U.S. oil industry that stretches from North Dakota to Texas would benefit.