Voting Member Fomc James Bullard Sees Slow Growth Rather Than A Recession
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.
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James B. Bullard - Wikipedia
Fed president sees inflation fight stretching into 2025
Instead of a recession
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.
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
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
Bullard supports the Fed
Fed's Bullard says slow economic growth should be base case, not
St. Louis Fed chief tells Minnesota audience slow growth is more
Bullard supports the Fed's 25-basis point hike this week, which pushed its policy rate to 5.00%-5.25%, as expected. Policymakers had said they would will closely
Fed official: It’s ‘fantasy’ to think modest rate rises will
Voting FOMC member hints she will not support a rate cut at next