Regional President Speech

Search Site Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary > When Will U.S. In ation Return to Target? From the President Key Policy Papers Speeches, Presentations and Commentary Research Papers Media Interviews Nov. 13-15, 2017 Presentation (pdf) | Press Release | Photos of Visit to Louisville (below) On a two-day tour of Louisville, Ky., where the St. Louis Fed has a Branch, President James Bullard spoke at the Economic Update Breakfast, toured the Ford assembly plant and the operations of one of its suppliers, and participated in a celebration marking the upcoming 100th anniversary of the opening of the Fed’s Branch there. He also met with the Branch’s board of directors. Bullard’s talk at the breakfast Nov. 14 was titled “When Will U.S. In ation Return to Target?” He said in ation has been mostly below the Fed’s 2 percent target since 2012 and is unlikely to return to target anytime soon. He noted that in ation expectations, which have an important in uence on actual in ation, remain below the level that would be historically consistent with the in ation target. Bullard also said that U.S. nancial conditions are considered easy, or “low stress,” but he added that current low readings probably do not contain any important signal about future economic outcomes at this point. He also spoke about GDP growth, labor markets and the current level of the federal funds rate target, which he said was 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 More than 170 people attended the Economic Update Breakfast, held at the Speed Art Museum in Louisville. After delivering his “When Will U.S. In ation Return to Target?” presentation, Bullard took questions from the audience. The breakfast was cosponsored by the Association for Corporate Growth Kentucky and the Federal Reserve Bank of St. Louis. Download High Resolution Photo At the breakfast, the head of the St. Louis Fed’s Louisville Branch, Senior Vice President Nikki Jackson, engaged with attendees. Download High Resolution Photo Bullard and other Fed representatives toured the Ford assembly plant. With 5,000 employees, the plant is one of the major employers in Louisville. With him are Sadiqa Reynolds, a member of the board of the Louisville Branch of the St. Louis Fed, and John Bell, an employee at the plant. Reynolds is president and CEO of the Louisville Urban League. Download High Resolution Photo Bullard tours the Ford Plant on Tuesday with the general manager, Fred Thome. Download High Resolution Photo Bullard and others from the Fed toured HJI Supply Chain Solutions, a supplier to the automotive and other industries. The head of the St. Louis Fed’s Louisville branch, Senior Vice President Nikki Jackson (center, in orange jacket), listened as the plant’s general manager, Mike Rogerson (in vest and tie), explained the logistics business with Shane Allgeier, vice president of operations (far right). 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, November 13). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20171114_james_bullard

@misc{wtfs_regional_speeche_20171114_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2017},
  month = {Nov},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20171114_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}