U.S. Monetary Policy: A Case for Caution: a presentation at the Springfield Area Chamber of Commerce, Springfield Business Development Corp. Meeting, Springfield, Mo

James Bullard

No 306, Speech from Federal Reserve Bank of St. Louis

Abstract: During a Friday presentation, Bullard outlined five reasons for caution in raising the policy rate (fed funds rate) further based on current macroeconomic conditions. Those reasons are: 1) inflation expectations remain low; 2) the current policy rate setting is neutral; 3) the yield curve is relatively flat and yield curve inversion is possible; 4) business investment has room to grow; and 5) labor markets are in equilibrium.

Pages: 35 pages
Date: 2018-05-11
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