07-31-2024
Current conditions are not pointing toward a recession, though we constantly live under that possibility. That’s the opinion of former long-time Federal Open Market Committee (FOMC) member Jim Bullard, the Dr. Samuel R. Allen Dean of the Daniels School of Business. In his 15 years as the sitting president and chief executive officer of the Federal Reserve Bank of St. Louis, Bullard earned significant praise and accolades for his leadership and innovative thinking as part of the FOMC in guiding the direction of U.S. monetary policy.
Bullard is now able to comment on the FOMC, a 12-member board that holds eight regularly scheduled meetings each year. At these meetings, the committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
Media call upon Bullard to provide analysis on current metrics and possible FOMC actions; he has commented on the committee’s July 30-31 meeting for:
Reuters: Fed likely to hold rates steady one last time as inflation fight finale unfolds
CNBC: Probability of a recession isn’t any higher now than ordinary times
MNI: Worries Over US Jobs Weakness Overdone
Bloomberg: Bullard Expects Fed to Start Cutting Rates in September
And, he will be live on Yahoo Finance in the 9 a.m. Eastern hour on Friday, August 1.
The FOMC next meets September 17-18.
