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.
Bullard noted businesses around the St. Louis Fed’s Eighth District and throughout the country are concerned about the trade situation but are continuing to do well. He also pointed out that a recession is not inevitable just because of the length of the U.S. economic expansion. Still, Bullard said he is worried about overdoing the monetary policy normalization process and explained that the yield curve could be signaling that the whole structure of rates might be lower today than in previous decades.