Macro Musings

In this week’s episode, Jim Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, joins the show to discuss his work as a Federal Reserve executive and as a researcher in monetary policy. Bullard shares his thoughts on why inflation has been so persistently low since 2008 and whether the Fed should pursue a more symmetric inflation target. He and David also discuss the Fed’s plans for monetary policy in 2017. In Bullard’s view, the Fed should focus on reducing its balance sheet before it turns to raising rates further. (Note: this episode was recorded on April 5, 2017) Interview transcript: https://www.mercatus.org/podcasts/04172017/macro-musings-53-james-bullard-federal-reserve David’s blog: http://macromarketmusings.blogspot.com/ Jim Bullard’s Federal Reserve profile: https://www.stlouisfed.org/from-the-president David’s Twitter: @DavidBeckworth St. Louis Fed’s Twitter: @stlouisfed Related links: “Comments on the FOMC's Amendments to Its Statement on Longer-Run Goals” by James Bullard htt