Moderated Conversation: at the Ascension Investment Management’s Annual Conference

James Bullard

No 315, Speech from Federal Reserve Bank of St. Louis

Abstract: St. Louis Fed President James Bullard participated in a moderated conversation at Ascension Investment Management?s annual conference in St. Louis. He discussed a variety of topics, including: factors keeping real interest rates low, with the biggest one being increased demand for safe assets globally over the last 30 years; market-based inflation expectations, which remain below 2 percent on a PCE (or personal consumption expenditures price index) basis; the possibility of yield curve inversion, which he called a key near-term risk for the Fed; Fed communications, including having a press conference after every FOMC meeting beginning next year; and cryptocurrencies, which are creating drift toward a non-uniform currency?something that people have not liked historically, he said.

Pages: 1 pages
Date: 2018-06-28
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Note: Sound recording (runtime: 01:03:04)
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