Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > An Illustrative Calculation of r† From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews May 8, 2017 Presentation (pdf) | Press Release Speaking at an Atlanta Fed conference on Amelia Island, Fla., St. Louis Fed President James Bullard discussed the downward trend in the natural real rate of interest, r†, in a regime-switching context. He looked at three factors that can in uence the natural rate—the labor productivity growth rate, the labor force growth rate and an investor desire for safe assets. He noted that the U.S. is currently in a regime (or state) of low productivity growth and a regime of a high desire for safe assets, and those do not appear to be shifting. He also discussed the implications of the low natural rate for the Fed’s policy rate and concluded that the natural rate of interest, and hence the appropriate policy rate, is low and unlikely to change very much over the forecast horizon. 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 (2017, May 7). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170508_james_bullard

@misc{wtfs_regional_speeche_20170508_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {May},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20170508_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}