Federal Reserve Bank of St. Louis President James Bullard
St. Louis, Mo. (PRWEB)
May 19, 2017
Federal Reserve Bank of St. Louis President James Bullard addressed “Recent Developments in U.S. Monetary Policy” during his presentation at an event hosted Friday by the Association for Corporate Growth at Washington University in St. Louis.
Bullard explained that U.S. macroeconomic data since the March 2017 meeting of the Federal Open Market Committee (FOMC) have been relatively weak, on balance. For instance, he noted that U.S. inflation and inflation expectations have surprised to the downside in recent months.
In discussing the FOMC’s March increase in the policy rate (i.e., the federal…
Read the full article from the Source…