View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Search Site
Home > James Bullard, President and CEO > James Bullard - Speeches, Presentations and Commentary >

Slow Normalization or No Normalization?
From the President
Key Policy Papers
Speeches, Presentations
and Commentary
Research Papers
Media Interviews

May 26, 2016
In Singapore, St. Louis Fed President James Bullard
discussed two views of future policy rate increases in the
United States: the FOMC’s scenario and the market-based
scenario. The former suggests a gradual pace of rate
increases over the next several years, while the latter
suggests a much shallower path—only a few increases
over the forecast horizon. He cited evidence to back both
views. For the FOMC scenario, he cited strong labor
markets, waning international headwinds and in ation
measurements moving closer to the 2 percent target. For
the market-based scenario, the evidence included slow real
GDP growth and low in ation expectations. Bullard spoke
at the O cial Monetary and Financial Institutions Forum’s
City Lecture.

James Bullard
President and Chief
Executive O cer
Bio

Presentation (pdf) | Press Release

Curriculum Vitae
Staff Contacts
IDEAS/RePEc Pro le
Photos
Videos
Subscribe:
Email alerts
RSS
"Rationally, let it be said in a
whisper, experience is certainly
worth more than theory."
Amerigo Vespucci

GENERAL
Home
About Us
Bank Supervision
Careers
Community Development
Economic Education

Events
Inside the Economy Museum
Newsroom
On the Economy Blog
Open Vault Blog
OUR DISTRICT
Little Rock Branch
Louisville Branch
Memphis Branch
Agricultural Finance Monitor
Housing Market Conditions
SELECTED PUBLICATIONS
Bridges
Economic Synopses
Housing Market Perspectives
In the Balance
Page One Economics
The Quarterly Debt Monitor
Review
Regional Economist
ST. LOUIS FED PRESIDENT
James Bullard's Website
INITIATIVES
Center for Household Financial Stability
Dialogue with the Fed
Federal Banking Regulations
FOMC Speak
In Plain English - Making Sense of the Federal Reserve
Timely Topics Podcasts and Videos
DATA AND INFORMATION SERVICES
CASSIDI®
FRASER®
FRED®
FRED® Blog
GeoFRED®
IDEAS
FOLLOW THE FED
Twitter
Facebook
YouTube
Google Plus

Email Subscriptions
RSS

CONTACT US

|

LEGAL INFORMATION

|

PRIVACY NOTICE & POLICY

|

FEDERAL RESERVE SYSTEM ONLINE