The U.S. Macroeconomic Outlook: a presentation at Australian Centre for Financial Studies International Distinguished Lecture, Melbourne, Australia, April 10, 2017

James Bullard

No 283, Speech from Federal Reserve Bank of St. Louis

Abstract: Speaking in Melbourne at the Australian Centre for Financial Studies, St. Louis Fed President James Bullard discussed the current ?regime? of low real GDP growth and low real interest rates on short-term government debt. He said that given that this regime is unlikely to change soon, the federal funds rate target is likely to remain low. He added that the St. Louis Fed is forecasting a relatively flat rate over the next two to three years, which contrasts with the median projections of the Federal Open Market Committee (FOMC). He also said that the FOMC can take a wait-and-see posture regarding possible changes in fiscal and regulatory policies.

Pages: 43 pages
Date: 2017-04-10
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.stlouisfed.org/~/media/Files/PDFs/Bull ... 0_Apr_2017.pdf?la=en Full text (application/pdf)

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:283

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 ().