speeches · June 27, 2018
Regional President Speech
James Bullard · President
Home > Former President Jim Bullard > Speeches, Presentations and Commentary
From the President
President Bullard Speaks at Ascension Investment
Management's Annual Conference
June 28, 2018
ST. LOUIS FED
00:00:00
/ 01:03:04 Investment
30Management’s Annual Conference
President30Bullard Speaks
at Ascension
St. Louis Fed President James Bullard participated in a moderated conversation at
Ascension Investment Management’s annual conference in St. Louis. He discussed a variety
of topics, including:
• factors keeping real interest rates low, with the biggest one being increased demand
for safe assets globally over the last 30 years;
• market-based in�ation expectations, which remain below 2 percent on a PCE (or
personal consumption expenditures price index) basis;
• the possibility of yield curve inversion, which he called a key near-term risk for the
Fed;
• Fed communications, including having a press conference after every FOMC meeting
beginning next year; and
• cryptocurrencies, which are creating drift toward a non-uniform currency—something
that people have not liked historically, he said.
He also addressed questions on productivity, trade, �scal policy, monetary policy in Europe,
�nancial conditions indexes and bubbles.
To view the presentations and FRED data series that he referenced during the event, see:
• Presentation: “R-Star Wars: The Phantom Menace” (delivered on Feb. 26, 2018, in
Washington, D.C.)
• Presentation: “Non-Uniform Currencies and Exchange Rate Chaos” (delivered on May
14, 2018, in New York)
• FRED series: St. Louis Fed Financial Stress Index
• FRED series: Coinbase Cryptocurrencies
Cite this document
APA
James Bullard (2018, June 27). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20180628_james_bullard
BibTeX
@misc{wtfs_regional_speeche_20180628_james_bullard,
author = {James Bullard},
title = {Regional President Speech},
year = {2018},
month = {Jun},
howpublished = {Speeches, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/regional_speeche_20180628_james_bullard},
note = {Retrieved via When the Fed Speaks corpus}
}