Regional President Speech

Home > Former President Jim Bullard > Speeches, Presentations and Commentary From the President Three Themes for Monetary Policy in 2019 February 7, 2019 Presentation (pdf) | Press Release Speaking at St. Cloud State University in Minnesota, St. Louis Fed President James Bullard discussed three themes for monetary policy this year: • The Federal Open Market Committee (FOMC) may miss its 2 percent in�ation target on the low side for the eighth consecutive year in 2019 based on current readings of market-based in�ation expectations. • Labor markets have been performing well, but the feedback from labor markets to in�ation has weakened considerably in the last two decades. • The Treasury yield curve has �attened signi�cantly, and a meaningful and sustained inversion would send a bearish signal for the U.S. economy. “Market-based signals such as low market-based in�ation expectations and a threatening yield curve inversion suggest that the FOMC needs to tread carefully going forward,” Bullard said. “Through its normalization program, the FOMC has already been suf�ciently preemptive over the last two years to contain upside in�ation risk.” 

James Bullard (2019, February 6). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20190207_james_bullard

@misc{wtfs_regional_speeche_20190207_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2019},
  month = {Feb},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20190207_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}