The FOMC’s Substantial Turn during 2019

James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: During a presentation in Louisville, Ky., St. Louis Fed President James Bullard noted that the U.S. economy has been slowing down in 2019 after relatively rapid growth during 2017 and 2018. The economy faces downside risk that may cause a sharper-than-expected slowdown, which “may make it more difficult for the Federal Open Market Committee (FOMC) to achieve its 2% inflation target,” he said.

Date: 2019-11-14
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