Bullard Speaks about Financial Stress and the Economy

James Bullard

Speech from Federal Reserve Bank of St. Louis

Abstract: St. Louis Fed President Jim Bullard presented “Financial Stress and the Economy” at a meeting of the Arkansas Bankers Association in Little Rock. He said that financial stress has been on the rise in recent weeks, but the macroprudential policy response has been swift and appropriate. He added that regulators are prepared to take additional steps if needed. Data on the real U.S. economy have generally been stronger than expected, and inflation remains too high, Bullard said. He pointed out that FOMC policy has kept market-based measures of inflation expectations relatively low, which bodes well for disinflation this year. Continued appropriate macroprudential policy can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflation, he said.

Keywords: financial stress; macroprudential policy; inflation; monetary policy (search for similar items in EconPapers)
Date: 2023-04-06
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/spee ... ress-and-the-economy Presentation description (text/html)
https://www.stlouisfed.org/-/media/project/frbstl/ ... oner-06-apr-2023.pdf Presentation slides (application/pdf)
https://www.stlouisfed.org/news-releases/2023/04/0 ... ress-and-the-economy Presentation press release (text/html)

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:95941

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 ().