Bullard Discusses Economy and Fed's Response to COVID-19 in Central Banking Journal Interview
August 11, 2020
St. Louis Fed President James Bullard shared his views on various aspects of the U.S. economy and the Fed’s response to the COVID-19 pandemic in an Aug. 11 interview with Central Banking Journal. In addition, he discussed the role of Big Tech in finance, doubts about negative interest rates as a monetary policy tool and the use of real-time data to track the economy. He also spoke about the Fed’s monetary policy framework review, the idea of trying to hit the inflation target on average over the medium term, and the Fed’s role when it comes to addressing economic inequality.
The video and a lightly edited version of the transcript can be found on the Central Banking Journal’s website.