Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > One Equation to Understand the Current Monetary Policy Debate From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews October 24, 2016 Speaking in Fayetteville, Ark., St. Louis Fed President James Bullard deconstructed a Taylor-type rule to help explain the current monetary policy debate. He also used this boiled-down equation to explain the St. Louis Fed’s projected policy rate path of 0.63 percent over the forecast horizon. He noted that with unemployment and in ation near their long-run values, the recommended policy rate from a Taylor-type rule depends mostly on the real (in ation-adjusted) safe rate of return. Furthermore, he added that real safe rates of return are exceptionally low and are not expected to rise soon. This means, in turn, that the policy rate should be expected to remain exceptionally low over the forecast horizon, Bullard said. His presentation was to the Association for University Business and Economic Research. Presentation (pdf) | Press Release James Bullard President and Chief Executive O cer Bio Curriculum Vitae Staff Contacts IDEAS/RePEc Pro le Photos Videos Subscribe: Email alerts RSS "Rationally, let it be said in a whisper, experience is certainly worth more than theory." Amerigo Vespucci GENERAL Home About Us Bank Supervision Careers Community Development Economic Education Events Inside the Economy Museum Newsroom On the Economy Blog Open Vault Blog OUR DISTRICT Little Rock Branch Louisville Branch Memphis Branch Agricultural Finance Monitor Housing Market Conditions SELECTED PUBLICATIONS Bridges Economic Synopses Housing Market Perspectives In the Balance Page One Economics The Quarterly Debt Monitor Review Regional Economist ST. LOUIS FED PRESIDENT James Bullard's Website INITIATIVES Center for Household Financial Stability Dialogue with the Fed Federal Banking Regulations FOMC Speak In Plain English - Making Sense of the Federal Reserve Timely Topics Podcasts and Videos DATA AND INFORMATION SERVICES CASSIDI® FRASER® FRED® FRED® Blog GeoFRED® IDEAS FOLLOW THE FED Twitter Facebook YouTube Google Plus Email Subscriptions RSS CONTACT US | LEGAL INFORMATION | PRIVACY NOTICE & POLICY | FEDERAL RESERVE SYSTEM ONLINE 

James Bullard (2016, October 23). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20161024_james_bullard

@misc{wtfs_regional_speeche_20161024_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2016},
  month = {Oct},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20161024_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}