speeches · June 23, 2021

Regional President Speech

James Bullard · President

12/21/22, 5:46 PM

U.S. Monetary Policy: A New Risk | James Bullard | St. Louis Fed

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U.S. Monetary Policy: A New Risk June 24, 2021 Presentation (pdf) | Press Release During a virtual presentation for the Clayton Chamber of Commerce, St. Louis Fed President James Bullard said U.S. real GDP appears to have fully recovered to the pre-pandemic peak. He added that the “keep households whole” fiscal strategy has been successful and has set up households to spend as the pandemic wanes. Regarding U.S. labor markets, Bullard said they are tight according to anecdotal evidence and key labor market metrics. Bullard also talked about rising inflation. He said that inflation is likely to be meaningfully above 2% over the forecast horizon, so the Federal Open Market Committee can meet a key provision of its new policy framework with an appropriate monetary policy. “A new risk is that inflation may continue to surprise to the upside,” he said.

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12/21/22, 5:46 PM

U.S. Monetary Policy: A New Risk | James Bullard | St. Louis Fed

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Cite this document
APA
James Bullard (2021, June 23). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_20210624_james_bullard
BibTeX
@misc{wtfs_regional_speeche_20210624_james_bullard,
  author = {James Bullard},
  title = {Regional President Speech},
  year = {2021},
  month = {Jun},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_20210624_james_bullard},
  note = {Retrieved via When the Fed Speaks corpus}
}