St. Louis Fed’s Bullard doubts zero lower bound

bullard-st-louis
James Bullard

The low inflation rate in the US does not justify staying at the zero lower bound, according to Federal Reserve Bank of St. Louis president, James Bullard.

Bullard told an audience at the St. Louis Regional Chamber on that although inflation was below the Fed's 2% target – annual CPI inflation held steady at 1.7% in September – it was not enough to justify keeping the Federal funds rate target at 0–0.25%.

"While a low inflation rate may suggest a somewhat lower-than-normal policy rate, that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.