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Macro Musings with David Beckworth
James Bullard on FAIT, Nominal GDP Targeting, and the Fed’s Upcoming Framework Review
Jul 22, 2024
Former president and CEO of the Federal Reserve Bank of St. Louis, James Bullard, talks with David about FAIT, nominal GDP targeting, the future of R-star, and upcoming Fed framework review. They explore improving FOMC's reporting, evaluating recent economic recovery, and discussing potential changes to the Fed's framework.
54:34
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Quick takeaways
- Comparing FAIT and Nominal GDP Targeting for monetary policy decisions.
- Assessing the challenges and impact of the pandemic on the economy during Jim Bullard's tenure at the St. Louis Federal Reserve Bank.
Deep dives
Jim Bullard discusses his transition from Fed President to Business School Dean
Jim Bullard shares insights on his journey from being a Federal Reserve Bank President to a Business School Dean. He highlights similarities in managing entities within larger systems, showing authorities within units, and the focus on technology at the Daniels School in Purdue University.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode