05-21-2025
Some try to portray our current situation as one in which “all of a sudden” the United States is protectionist and the rest of the world isn’t — but that isn’t the right way to think of it, says the dean of Purdue’s business school.
“I think everybody should just keep in mind that it’s not the U.S. that is protectionist,” says the Dr. Samuel R. Allen Dean of the Mitch Daniels School of Business Jim Bullard. “Almost all the other countries in the world are the protectionist ones, and they do have a lot of trade barriers.
“They have internal political lobbying back to the government to get protection for the industries they do have, because they don’t want to compete against the Americans or the Europeans.”
During a recent trip to California, Bullard spoke on a wide range of topics, from the resiliency of the U.S. economy to inflation rates — which he expects to gradually decline in the coming months — to trade policy uncertainty to the importance of the Taylor Rule.
At a Hoover Institution monetary policy conference, Bullard participated in a panel discussion moderated by Mickey Levy. In “Finishing the Job, Risks Ahead,” Bullard; Harvard University’s Jason Furman; Boston College’s Peter Ireland; and MIT’s Kristin Forbes talked about the Federal Reserve’s failure to achieve its dual mandate, the Fed’s need of a robust strategic framework that guides it in its monetary policy and much more.
While at Stanford, Bullard sat down with Kathleen Hays of the . Watch to learn more insights from Bullard.
Captions and transcript are available on Substack. Use the "Watch & Listen on Substack" button.
