

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.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 2min
Reflections on Experience at St. Louis Fed
01:55 • 7min
Evolution of Monetarism and Flexible Average Inflation Targeting
08:31 • 11min
Fed's Fate Strategy and Forward Guidance in Response to Pandemic
19:40 • 9min
Federal Reserve Framework Review and Potential Changes
28:51 • 21min
Exploring R Star and Its Implications on Monetary Policy
49:39 • 5min