Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > Bullard Discusses Monetary Policy, New Fiscal Policy, Fed Balance Sheet during Memphis-Area Tour From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews March 24, 2017 Presentation (pdf) | Press Release | Photos (below) In an address to the Economic Club of Memphis, St. Louis Fed President James Bullard discussed the current “regime” of low real GDP growth and low real interest rates on short-term government debt. Given that this regime is unlikely to change dramatically during 2017, he said that the federal funds rate target can remain relatively low and still keep in ation and unemployment near goal values. He also discussed the possible impact of the new scal policy on this regime, noting that the Fed can wait to see how scal policy develops. Regarding the Fed’s balance sheet, he said that now may be a good time for the Federal Open Market Committee (FOMC) to consider allowing the balance sheet to normalize by ending reinvestment. His presentation, titled “Current Monetary Policy, the New Fiscal Policy and the Fed’s Balance Sheet,” was part of a multistop visit to eastern Arkansas and Memphis, Tenn., all in the St. Louis Fed’s District. During the three days, he met with a variety of business leaders and other audiences. 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 About 130 people heard the presentation by Bullard at the Economic Club of Memphis. The breakfast meeting was held at the Holiday Inn University of Memphis. Download High Resolution Photo Bullard (second from right) toured Big River Steel in Osceola, Ark., on March 23. Also on the tour of the new mill were (in foreground from left) Douglas Scarboro, senior vice president and regional executive for the St. Louis Fed’s Memphis Branch; and J. Brice Fletcher and David T. Cochran Jr., members of the board of directors of the Memphis Branch. Download High Resolution Photo Bullard met with civic leaders from eastern Arkansas on March 23 at Wilson Café in Wilson, a small Delta town in Arkansas undergoing a revival. Bullard discussed the local economy over lunch with (from left) Gaylon Lawrence Jr. of The Lawrence Group, who has been instrumental in the renewal of the town; Randy Scott, president and COO of Farmers Bank and Trust; Clifton Chitwood, Mississippi County’s economic director; Douglas Scarboro, senior vice president and regional executive at the St. Louis Fed’s Memphis Branch; and Alec Farmer, Arkansas’ highway commissioner. Download High Resolution Photo Bullard met with young professionals and recent college graduates on March 23 at The New Memphis Institute. He spoke about the economy, as well as his role in the Fed. Download High Resolution Photo At the African American International Museum Foundation on March 22, founder Carnita Atwater showed Bullard and Scarboro a small sample of the more than 250,000 artifacts she has collected. The museum visit was held in conjunction with a bus tour of the nearby North Memphis neighborhood. Download High Resolution Photo 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 (2017, March 23). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170324_james_bullard

@misc{wtfs_regional_speeche_20170324_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {Mar},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20170324_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}