Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Video Interviews and Appearances > Bullard Discusses Whether Low Interest Rates Punish Savers From the President Key Policy Papers Speeches, Presentations and Commentary July 3, 2017 James Bullard Research Papers Media Interviews St. Louis Fed President James Bullard delivered a presentation titled “Does a Low-Interest-Rate Regime Punish Savers?” at the Applications of Behavioural Economics and Multiple Equilibrium Models to Macroeconomic Policy Conference in London. In this short video, he highlighted the key ideas from his academic talk on July 3, 2017. He noted that advanced economies have had very low interest rates since the nancial crisis and that low interest rates will probably continue for the foreseeable future. “We shouldn’t view that as necessarily punishing savers or helping borrowers. We should view this as an equilibrium rate of return that’s necessary to equate the supply of credit with the demand for credit,” he said. “If we think about things that way, we might get a more fruitful analysis of monetary policy going forward.” Having trouble with the video? Watch it here » GENERAL Home About Us Bank Supervision Careers Community Development 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 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, July 2). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170703_james_bullard

@misc{wtfs_regional_speeche_20170703_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {Jul},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20170703_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}