Bullard Discusses Financial Stress, Rate Increases and Inflation on Bloomberg TV

James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: During an appearance on Bloomberg TV, St. Louis Fed President Jim Bullard discussed financial stress, the federal funds rate and inflation. On banking sector problems, Bullard said the reaction was swift and appropriate. He said he projected an 80% probability that the financial stress within the sector will decline. “You’ve got the macroprudential tools for financial stress, and you’ve got monetary policy to fight inflation. We can do both as long as financial stress doesn’t morph into something much larger,” he said. To bring down inflation, Bullard said the median Federal Open Market Committee projection shows that the federal funds rate will need to reach a little over 5%, although his own estimate is “a little higher than that.” Bullard also discussed oil prices, labor markets and market expectations for future rate increases.

Keywords: financial stress; federal funds rate; inflation; monetary policy; interest rates (search for similar items in EconPapers)
Date: 2023-04-03
New Economics Papers: this item is included in nep-ban and nep-des
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.stlouisfed.org/from-the-president/vide ... flation-bloomberg-tv Description and embedded video
https://www.bloomberg.com/news/videos/2023-04-03/f ... labor-market-economy Video
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlps:95920

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().