Interview With St. Louis Fed President James Bullard

Bullard, James

Interview With St. Louis Fed President James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: Last week’s jobs report demonstrated the ongoing strength of the U.S. economy and underscored the need for the Federal Reserve to rein in its stimulus efforts, a Fed official said Tuesday. St. Louis Federal Reserve Bank President James Bullard said that Friday’s report, which showed a healthy gain of 943,000 jobs last month, means the economy is making sufficient progress to start reducing, or tapering, the Fed’s $120 billion in monthly bond purchases. Those purchases, which began last March during the pandemic recession, are intended to lower longer-term interest rates and bolster the economy.

Keywords: tapering; economic outlook (search for similar items in EconPapers)
Date: 2021-08-10
New Economics Papers: this item is included in nep-ban and nep-mac
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