A Successful Normalization, With Challenges Ahead

James Bullard

No 332, Speech from Federal Reserve Bank of St. Louis

Abstract: St. Louis Fed President James Bullard discussed the end of U.S. monetary policy normalization in a presentation at the Community Development Foundation of Tupelo in Mississippi. Regarding normalization, he said, ?The campaign has been largely successful: Nominal short-term interest rates have been raised from near-zero levels, and the size of the Fed?s balance sheet has been reduced as the economic expansion has continued.?

Pages: 28 pages
Date: 2019-04-11
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