Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > Three Questions for U.S. Monetary Policy From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews September 27-28, 2017 Presentation (pdf) | Press Release | Photos of Tour of Northern Part of District (below) On a two-day tour of the northern part of the District served by the St. Louis Fed, President James Bullard spoke at Truman State University, in Kirksville, Mo., met with bankers in Quincy, Ill., and toured the headquarters of the nation’s largest food redistributor in Mount Sterling, Ill. At the university, Bullard addressed questions related to real GDP growth in the second half of 2017, in ation surprising to the downside in the rst half of 2017 and the impact of strong U.S. labor-market performance on in ation going forward. He said recent data indicate that U.S. real GDP growth remains consistent with the 2 percent growth “regime” of recent years, adding that growth in the second half of 2017 will probably not move meaningfully above 2 percent. He noted that effects from the hurricanes will add uncertainty to data interpretation in the coming months. On in ation, he said that the downside surprise is unlikely to reverse itself in the second half of 2017. He also said that continued strong performance of labor markets is unlikely to drive in ation meaningfully higher. In terms of monetary policy, he concluded that the current level of the federal funds rate target “is appropriate given current macroeconomic data.” 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 Download High Resolution Photo Download High Resolution Photo Truman State University President Sue Thomas welcomes Bullard to her campus on Sept. 27. Download High Resolution Photo Brian Kantanka, a student at Truman State, poses a question to Bullard after the president’s presentation, titled “Three Questions for U.S. Monetary Policy.” Download High Resolution Photo In Quincy, Ill., on Sept. 28, Bullard discussed the national and local economy with about 20 bankers from the area. The members of the audience provided their perspective on economic conditions, as well, and also reported on banking conditions in the region. During dinner, bankers at each table compared notes about the local economy and about the current state of banking. Afterward, a representative from each table shared these observations and concerns with Bullard and other attendees. Such anecdotal information that is gathered at the community level is important for policymakers who deliberate on the Federal Open Market Committee. Download High Resolution Photo In Mount Sterling, Bullard and others from the St. Louis Fed visited the headquarters of Dot Foods Inc., a company that distributes food in all 50 states and more than 25 countries. Bullard was taken on a tour of the 1.5-million-square-foot warehouse of Dot, where more than 800 people work. Dot CEO Joe Tracy (center) and Dot Vice President of Warehousing Bryan Langston (right) led the tour. Download High Resolution Photo 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, September 26). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20170927_james_bullard

@misc{wtfs_regional_speeche_20170927_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {Sep},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20170927_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}