speeches · November 16, 2022
Regional President Speech
James Bullard · President
Presentation: 'Getting into the Zone'
“Getting into the Zone” (Presented in Louisville, Ky.)
November 17, 2022
Presentation (PDF) | Press Release | Video
St. Louis Fed President Jim Bullard presented “Getting into the Zone” at an event hosted by Greater
Louisville Inc.
Bullard said inflation remains unacceptably high, well in excess of the Federal Open Market
Committee’s target of 2%. During 2022, the FOMC has been moving toward policy settings that will
put meaningful downward pressure on inflation to return it to the target, he said.
Bullard addressed the question of what is a “sufficiently restrictive” policy rate for the current
macroeconomic environment. His approach is based on generous assumptions that tend to favor a
more dovish policy. Still, the policy rate isn’t yet in a zone that may be considered sufficiently
restrictive, he said.
Video:
Cite this document
APA
James Bullard (2022, November 16). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20221117_james_bullard
BibTeX
@misc{wtfs_regional_speeche_20221117_james_bullard,
author = {James Bullard},
title = {Regional President Speech},
year = {2022},
month = {Nov},
howpublished = {Speeches, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/regional_speeche_20221117_james_bullard},
note = {Retrieved via When the Fed Speaks corpus}
}