Regional President Speech

12/21/22, 5:41 PM A Soft Landing in 2020? | James Bullard | St. Louis Fed Home > Latest from President Bullard > Speeches, Presentations and Commentary From the President A Soft Landing in 2020? January 9, 2020 Presentation (pdf) | Press Release | Video During a presentation in Madison, Wis., St. Louis Fed President James Bullard discussed how U.S. economic growth slowed on a year-over-year basis in 2019. “The Federal Open Market Committee (FOMC) took action to help ensure a soft landing by dramatically altering the path of monetary policy during 2019,” he said. “The current baseline economic outlook for 2020 suggests a reasonable chance that the soft landing will be achieved.” Bullard also addressed some downside risks to growth, including global trade policy uncertainty and renewed geopolitical risk. He noted that global trade policy uncertainty is likely to remain high over the medium term, but firms are now adjusting business strategies to remain profitable in the face of this uncertainty. Regarding the intensification of geopolitical risk, he said this may mean higher oil prices, but the ultimate impact of that on the U.S. economy may be approximately neutral given lower oil intensity and higher production in the U.S. than historical levels. Having trouble with the video? Watch it here. FOLLOW US SIGN UP FOR EMAIL ALERTS Receive updates in your inbox as soon as new content is published on our website https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2020/a-soft-landing-in-2020 1/2 12/21/22, 5:41 PM A Soft Landing in 2020? | James Bullard | St. Louis Fed SIGN UP QUICK LINKS About Us Legal Information Contact Us Privacy Policy Careers Doing Business with the Fed Events Federal Reserve Services Visiting the St. Louis Fed Federal Banking Regulations https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2020/a-soft-landing-in-2020 2/2 

James Bullard (2020, January 8). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20200109_james_bullard

@misc{wtfs_regional_speeche_20200109_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2020},
  month = {Jan},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20200109_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}