July 10, 2019
St. Louis Fed President James Bullard addressed questions on monetary policy and the U.S. economy during a moderated conversation at the OMFIF Foundation Main Meeting in St. Louis. In particular, he shared his views on inflation expectations, policy normalization and the potential impact of slower global growth.
Bullard also talked about low interest rates and low inflation in the U.S., which are driven by demographics and relatively low productivity growth. These conditions have led to low short-term real interest rates on safe assets in the U.S., he explained.