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St. Louis Fed's Bullard Suggests a Way to Extend the U.S. Expansion
Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday titled “How to Extend the U.S. Expansion: A Suggestion” at the Real Return XII: The Inflation-Linked Products Conference 2018. In his talk, Bullard laid out a possible strategy for extending the U.S. economic expansion—one that relies on placing more weight on financial market signals, such as the slope of the yield curve and market-based inflation expectations, than has been customary in past U.S. monetary policy strategy. He explained that the empirical relationship between inflation and unemployment has largely broken down over ... (full story)
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