Fed's Bullard: Can't infer any more that low unemployment will cause inflation

Author: Greg Michalowski | Category: Central Banks

May be answering questions after speech in Memphis

Fed's Bullard is speaking in Memphis. He seems to be answering audience questions now:
  • Can't infer anymore that low unemployment will cause inflation
  • Downplays use of interest rates to guard against financial stability problems because of stronger regulation put in place by Dodd Frank
  • Does not see need to raise rates to prevent asset bubble
  • US Pres. influences monetary policy through appointments, and his appointment so far standard, traditional central bankers

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