The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
8/2/23, 4:20 PM The Monetary-Fiscal Policy Mix and Central Bank Strategy | St. Louis Fed Home > Recent Remarks and Interviews > Speeches, Presentations and Commentary From the President The Monetary-Fiscal Policy Mix and Central Bank Strategy May 12, 2023 Presentation (PDF) | Press Release St. Louis Fed President Jim Bullard presented “The Monetary-Fiscal Policy Mix and Central Bank Strategy” at a conference hosted by Stanford University’s Hoover Institution. Bullard said that the pandemic fiscal-monetary response created too much inflation. To eliminate the excess inflation, the fiscal-monetary response must be countered, he noted, adding that this is happening. The fiscal stimulus is receding, and monetary policy has been adjusted rapidly in the last year to better align with traditional central bank strategy, he said. “Accordingly, the prospects for continued disinflation are good but not guaranteed,” he added. Note: For an updated version of the figure on Slide 20 that has corrected data for the first six months of 2019, see Bullard’s June 2023 Regional Economist article, “Is Monetary Policy Sufficiently Restrictive?” https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2023/the-monetary-fiscal-policy-mix-and-central-bank-strategy 1/3 8/2/23, 4:20 PM The Monetary-Fiscal Policy Mix and Central Bank Strategy | St. Louis Fed How To Get Back On Track: Toward a Monetary Policy Strategy | Hoover Institu… Institu… Having trouble with the video? Watch it here. 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 Contact Us Privacy Policy Careers https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2023/the-monetary-fiscal-policy-mix-and-central-bank-strategy 2/3 8/2/23, 4:20 PM The Monetary-Fiscal Policy Mix and Central Bank Strategy | St. Louis Fed 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/2023/the-monetary-fiscal-policy-mix-and-central-bank-strategy 3/3