Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > The Path Forward for U.S. Monetary Policy in a Global Context From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews June 29, 2017 Presentation (pdf) | Press Release In London, St. Louis Fed President James Bullard said the U.S. economy remains in a “regime” of low growth, low in ation and low interest rates and that the current level of the fed funds rate target (i.e., the U.S. policy rate) is appropriate given current macroeconomic data. He added that the most likely outcome over the forecast horizon is that the regime persists and, hence, the current level of the policy rate remains appropriate. From a global perspective, Bullard noted that the U.S. policy rate has been rising while key policy rates abroad (euro area, U.K., Japan) remain low and unchanged. He also noted that low unemployment and low in ation coexist not only in the U.S. but in the U.K., Germany, Japan and elsewhere. He said that the global growth outlook has improved since last year but that the upgrades from the International Monetary Fund for Japan, China and Europe, for example, are too small and too uncertain to have a meaningful impact on the U.S. Bullard spoke at the O cial Monetary and Financial Institutions Forum, a think tank for central banking, economic policy and public investment. 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, June 28). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170629_james_bullard

@misc{wtfs_regional_speeche_20170629_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {Jun},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20170629_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}