Changing Imperatives for U.S. Monetary Policy Normalization

James Bullard

No 261, Speech from Federal Reserve Bank of St. Louis

Abstract: During a presentation to the CFA Society St. Louis, President James Bullard said that recent data-based developments?namely, further declines in inflation expectations and a reduced risk of asset price bubbles?likely give the FOMC more leeway in its normalization program. He also discussed the need for monetary policy to be more clearly data dependent and suggested that the FOMC may wish to consider changes to the way it approaches the policy rate projections in the Summary of Economic Projections.

Pages: 31 pages
Date: 2016-02-17
New Economics Papers: this item is included in nep-cba and nep-mon
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