Voting Member Fomc James Bullard Sees Slow Growth Rather Than A Recession

Last updated: June 9, 2025, 12:08

Voting Member Fomc James Bullard Sees Slow Growth Rather Than A Recession

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St. Louis Federal Reserve President James Bullard told MarketWatch’s economics editor Greg Robb the Fed could slowly raise interest rates to a range of 5 percent

In 2025, Bullard announced a new approach for the St. Louis Fed's near-term U.S. macroeconomic and monetary policy projections. The new approach is based on the idea that the economy may experience one of several possible persistent regimes, which involve a combination of recession or no recession, high or low productivity growth, and high or low real returns on short-term government debt. While switches between regimes are possible, they are difficult to foreca

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Another voting member of the

Another voting member of the FOMC, St Louis Federal Reserve President James Bullard, believes the Federal Reserve needs to get inflation back to the 2 percent target.

Instead of a recession, Bullard said, the more likely scenarioor his base caseis for slow economic growth along with a somewhat softer labor market and declining inflation.

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