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12/21/22, 5:40 PM Insurance against Downside Risk for the U.S. Economy | James Bullard | St. Louis Fed Home > Latest from President Bullard > Speeches, Presentations and Commentary From the President Insurance against Downside Risk for the U.S. Economy October 15, 2019 Presentation (pdf) | Press Release During a presentation in London, St. Louis Fed President James Bullard noted that the U.S. economy is slowing down relative to 2017 and 2018. The economy faces downside risk that may cause a sharper-than-expected slowdown, which “may make it more difficult for the Federal Open Market Committee (FOMC) to achieve its 2% inflation target,” he said. He pointed out that the FOMC has tried to help insure against this downside risk by dramatically altering the path of monetary policy during 2019. “The FOMC may choose to provide additional accommodation going forward, but decisions will be made on a meeting-bymeeting basis,” he said. FOLLOW US SIGN UP FOR EMAIL ALERTS Receive updates in your inbox as soon as new content is published on our website SIGN UP QUICK LINKS About Us Legal Information https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2019/insurance-against-downside-risk-us-economy 1/2 12/21/22, 5:40 PM Insurance against Downside Risk for the U.S. Economy | James Bullard | St. Louis Fed Contact Us Privacy Policy Careers Doing Business with the Fed Events Federal Reserve Services Visiting the St. Louis Fed Federal Banking Regulations https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2019/insurance-against-downside-risk-us-economy 2/2