speeches · August 6, 2017
Regional President Speech
James Bullard · President
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A Low In ation Surprise for U.S. Monetary Policy
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August 7, 2017
Presentation (pdf) | Press Release
St. Louis Fed President James Bullard discussed several
aspects of the current macroeconomic situation during a
presentation in Nashville, Tenn. He noted that recent data
indicate that real GDP growth remains consistent with the
low-growth regime of recent years. On in ation, he said
that recent in ation outcomes have been unexpectedly low,
below the Fed’s in ation target of 2 percent. Bullard also
examined headline in ation’s connection to global
commodity prices and whether the low U.S. unemployment
rate means that in ation is about to increase substantially.
In summary, Bullard said, “the current level of the policy
rate is likely to remain appropriate over the near term.”
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Cite this document
APA
James Bullard (2017, August 6). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170807_james_bullard
BibTeX
@misc{wtfs_regional_speeche_20170807_james_bullard,
author = {James Bullard},
title = {Regional President Speech},
year = {2017},
month = {Aug},
howpublished = {Speeches, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/regional_speeche_20170807_james_bullard},
note = {Retrieved via When the Fed Speaks corpus}
}