Bloomberg Surveillance
Single Best Idea with Tom Keene: Jim Bullard & Paul Donovan
Jun 12, 2024
Economist Jim Bullard talks about policy rate adjustments and inflation levels. Financial analyst Paul Donovan discusses FOMC decisions lacking dissent. The episode covers insights on CPI, market stability, and retirement planning.
06:02
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Quick takeaways
- Jim Bullard advocates for policy rate adjustment due to inflation falling below 3%.
- Paul Donovan criticizes lack of dissent within FOMC, stressing the need for diverse perspectives in decision-making.
Deep dives
Jim Bullard's View on Inflation and Policy Rate
Jim Bullard, former president of St. Louis Fed and current figure at Purdue, discusses the significant reduction in core PC inflation in recent months, advocating for a policy rate adjustment due to inflation now being under 3%. He argues for a gradual glide path towards the 2% target, emphasizing the need for a policy rate reduction to align with the current economic conditions. Despite the challenges posed by mixed or negative inflation reports, Bullard highlights the importance of adapting policy rates accordingly.
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