February 1, 2019
St. Louis Fed President James Bullard said the level of interest rates is very good where it is today. During an interview on CNBC’s Squawk Box, Bullard shared his views on the latest jobs report, the U.S. economic outlook, the size of the Fed’s balance sheet, the global macroeconomic situation and inflation.
He pointed out that U.S. monetary policymakers have been able to normalize interest rates in an environment where some other central banks have not been able to. “We've kept inflation close to 2 percent, but now it's time to wait and see how the economy develops,” he said. “I think we're in great shape right now.”
In the interview, Bullard also reiterated his view that the feedback from tight labor markets to inflation is extremely weak right now and has been weak over the last two decades.
Having trouble with the video? Watch it here »