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I can hear Uncle Milty scream from upstairs – at James Bullard
The St. Louis Fed has long been a bastion of monetarist thinking, but something has changed at the Eighth Federal Reserve District. Here is St. Louis Fed president James Bullard in an interview with...
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St. Louis Fed’s Bullard comes out in support of NGDP targeting
St. Louis Federal Reserve president James Bullard just came out in support of nominal GDP targeting – or rather he has co-authored a rather interesting new Working Paper, which concludes that NGDP...
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The market’s message to Yellen: You have become too hawkish
Recently the communication from the Federal Reserve seems to have become more hawkish. It all started on July 15 when Fed chair Janet Yellen testified in front of the House Financial Services...
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Jim, it is not complicated – NGDP tells you NOT to hike
This is what St. Louis Fed president James Bullard today told CNBC: “there’s a powerful case to be made that it’s time to raise interest rates. And the case is not complicated. … Policy settings are...
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St. Louis Fed: “0% probability that inflation will average more than 2.5%...
Laura E. Jackson, Kevin L. Kliesen, and Michael T. Owyang of the St. Louis Federal Reserve have constructed a new measure they call the price pressures measure (PPM). According the authors the “PPM...
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