Speeches, Interviews, Essays

No economic information was covered. “Education is the greatest and most effective input into the future of our labor market. In order to have the strongest possible labor force in the future, it is critical to understand and act immediately to address the educational losses experienced during the pandemic. I’m sure there’s much to learn…

“We have also raised the federal funds rate 300 basis points since the start of 2022. That means the Fed is actively trying to slow the economy. But we are going to keep raising rates for a while. Given our frankly disappointing lack of progress on curtailing inflation, I expect we will be well above…

Only a partial transcript is available. Link to the 27:50 interview is below. “The November meeting has been more or less priced into the market at the 75 basis point number … the December meeting is a little farther away, we’ll have more data at that point.  I don’t want to prejudge exactly what I’d…

“We’re still trying to work hard to engineer what we call a soft landing. And one of the dangerous things about economics is if everybody believes a recession is coming, then everybody will take effort to try to protect themselves and tighten their purse strings. And then that behavior makes it more likely that a…

No economic news was shared. “Welcome to the 31st Homer Jones Memorial Lecture! It’s been more than two years since the 30th lecture, which was held here at the Bank on March 4, 2020, very shortly before the onset of the pandemic. Although the pandemic delayed the return of our annual lecture, we couldn’t be…

Transcript not yet available – Link to interview is not yet available.

Transcript is not yet available – Link to interview is below. https://www.bloomberg.com/news/videos/2022-10-19/fed-s-bullard-on-rate-hikes-and-inflation-fight

“So the problem for me with trying to say, “Hey, it’s time to pause.”, is we’re not even sure that we’ve got rates high enough to push services inflation down. So until I see some compelling evidence that core inflation and services inflation have at least peaked, I’m not going to be ready to declare…

“To date, no decisions have been made by the Board on whether to move forward with a CBDC. But my views are well known. As I have said before, I am highly skeptical of whether there is a compelling need for the Fed to create a digital currency.” “I am not a national security expert.…

This speech was previously presented on 6/16/22 and on 2/11/22. “This paper argues that some fraction of observed federal debt for large economies with substantial macroeconomic policy credibility may be of the first-tranche, “interest-bearing money” type. This fraction is not backed by future taxes.” “It does not cost anything, nor does it produce revenue.” “It…