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Home > Former President Jim Bullard > Speeches, Presentations and Commentary From the President President Bullard Speaks at Ascension Investment Management's Annual Conference June 28, 2018 ST. LOUIS FED 00:00:00 / 01:03:04 Investment 30Management’s Annual Conference President30Bullard Speaks at Ascension St. Louis Fed President James Bullard participated in a moderated conversation at Ascension Investment Management’s annual conference in St. Louis. He discussed a variety of topics, including: • factors keeping real interest rates low, with the biggest one being increased demand for safe assets globally over the last 30 years; • market-based in�ation expectations, which remain below 2 percent on a PCE (or personal consumption expenditures price index) basis; • the possibility of yield curve inversion, which he called a key near-term risk for the Fed; • Fed communications, including having a press conference after every FOMC meeting beginning next year; and • cryptocurrencies, which are creating drift toward a non-uniform currency—something that people have not liked historically, he said. He also addressed questions on productivity, trade, �scal policy, monetary policy in Europe, �nancial conditions indexes and bubbles. To view the presentations and FRED data series that he referenced during the event, see: • Presentation: “R-Star Wars: The Phantom Menace” (delivered on Feb. 26, 2018, in Washington, D.C.) • Presentation: “Non-Uniform Currencies and Exchange Rate Chaos” (delivered on May 14, 2018, in New York) • FRED series: St. Louis Fed Financial Stress Index • FRED series: Coinbase Cryptocurrencies