Economist's Insights

Bullard Explained Alternate Policy Frameworks in Wednesday Presentation

Jan 10, 2018

Consistent with the growing conversation among economists and various Fed officials about the central bank considering different policy frameworks for managing U.S. monetary policy, St. Louis Fed President Bullard gave a presentation Wednesday in his hometown titled “A Primer on Price Level Targeting in the U.S.” While the presentation was obviously focused on introducing alternate policy frameworks the Fed could one day use in place of its current inflation target, Bullard answered a couple of questions on the current situation. He said the U.S. economy looks very good starting 2018 and noted that he doesn’t see a high chance of a recession.