Regional President Speech

Home > Latest from President Bullard > Speeches, Presentations and Commentary From the President The Initial Response to the In�ation Shock of 2021 January 6, 2022 Presentation (pdf) | Press Release | Video (offsite) During a presentation for the CFA Society St. Louis, St. Louis Fed President Jim Bullard said that U.S. in�ation has surprised substantially to the upside in an environment where measures of real economic activity and labor market performance are expected to remain robust. “There has been an initial U.S. monetary policy response to the in�ation shock, and this response is already re�ected in �nancial market pricing,” he said. The Federal Open Market Committee “is in good position to take additional steps as necessary to control in�ation, including allowing passive balance sheet runoff, increasing the policy rate, and adjusting the timing and pace of subsequent policy rate increases,” Bullard said. He also discussed pandemic risk from the COVID-19 omicron variant. While pandemic risk remains, omicron variant cases are expected to subside in the weeks ahead, he noted. 

James Bullard (2022, January 5). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20220106_james_bullard

@misc{wtfs_regional_speeche_20220106_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2022},
  month = {Jan},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20220106_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}