Should we find ourselves in a persistent state of low nominal interest rates and low inflation, some of our fundamental assumptions about how U.S. monetary policy works may have to be altered. James Bullard More Quotes by James Bullard More Quotes From James Bullard We are too high. James Bullard business Inflation measures have declined substantially since the end of last year and are presently running some 40 to 50 basis points below the FOMC's 2% inflation target, the forces that are keeping inflation below target seem unlikely to be solely transitory...Lowering the target range for the federal funds rate at this time would provide insurance against further declines. James Bullard business A policy rate move of this sort may become a more attractive option if inflation data continue to disappoint. James Bullard business In the aftermath of Brexit people want to wait and see and I'm happy to go with that for now. James Bullard business I don’t think the Chinese government has that good information. James Bullard business You hear arguments inside and outside the (Fed's policy) committee that in this circumstance you should just look at inflation by itself, maybe it is the appropriate thing to do in this environment,(but)if we are really going to give up on the Phillips Curve at the heart of central banking that would be a major change. James Bullard business Now may be a good time to begin normalizing U.S. monetary policy so that it is set appropriately for an improving economy over the next two years. James Bullard top-news A lot has been priced in at this point. James Bullard company-news
