Bloomberg Talks
Jim Bullard Talks Monetary Policy
Jun 12, 2024
Former St. Louis Fed President Jim Bullard discusses potential Fed rate cuts, envisioning rates at 3.5% with 10-year yields at 4.5%. Topics include debates on monetary policy, election influence on Fed decisions, historical interest rate trends, economic potential of the Midwest, and skilled labor availability in America.
13:47
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Quick takeaways
- Jim Bullard predicts two rate cuts by the Fed this year, aiming for an ultimate federal funds rate of 3.5% and 10-year Treasury yields at 4.5%.
- Transition post-pandemic involves higher nominal interest rates and inflation, aiming to move away from low rate, low inflation periods towards a 2% target.
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