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Bullard May 2014 Prez

Bullard May 2014 Prez

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Published by zerohedge
Bullard May 2014 Prez
Bullard May 2014 Prez

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Published by: zerohedge on Jun 09, 2014
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07/18/2014

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How Far Is the FOMC from Its Goals?
James Bullard
President and CEO, FRB-St. Louis
Tennessee Bankers Association Annual Meeting 9 June 2014 Palm Beach, Fla.
 Any opinions expressed here are my own and do not necessarily reflect those of the Federal Open Market Committee
.
 
Introduction
 
How far is the FOMC from its goals?
The FOMC is much closer to its goals than at any time in the  past five years.
Unemployment has continued to trend lower.
Inflation is low but moving back toward target.
The monetary policy stance remains far from normal, despite recent reductions in the pace of asset purchases.
Concerns remain about overall labor market performance.
Until recently, inflation was unexpectedly low.

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