James Bullard
Showing 1–2 of 2 transcripts.
- Milken Institute30 min
A Conversation with Federal Reserve Bank of St. Louis President and CEO James Bullard
St. Louis Federal Reserve President James Bullard argues that while the U.S. economy has adapted more resiliently than initially feared through remote work and essential business pivots, policymakers must abandon strategies waiting for a vaccine in favor of managing a virus that will circulate long-term. Bullard emphasizes that the Federal Reserve faces the complex task of stabilizing the economy without freezing out shrinking sectors like airlines, while simultaneously addressing persistent racial employment gaps and the risk of low inflation expectations. Despite skepticism regarding current epidemiological and economic models, he advocates for transparent committee operations and aggressive fiscal-monetary support to prevent a deeper depression and avert a secondary financial crisis.
- Milken Institute33 min
A Conversation with Federal Reserve Bank of St. Louis President and CEO James Bullard
St. Louis Fed President James Bullard explains that the U.S. economy is adapting to pandemic risks through endogenous behavioral changes rather than broad lockdowns, projecting output recovery to 90% of normal levels despite historical quarterly declines. Bullard contrasts his view of a new steady state with host Josh Barrow's concern over permanently lower living standards, while addressing the dual policy challenge of balancing business preservation with market dynamism. Furthermore, Bullard highlights the strategic necessity of preventing a secondary financial crisis and identifies eliminating racial unemployment gaps as a critical metric for ideal monetary policy outcomes.