WEST LAFAYETTE, Ind. — Jim Bullard, Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University, has been named to the Shadow Open Market Committee (SOMC), an independent organization that analyzes and critiques monetary, regulatory and fiscal policies.
Sponsored by the Manhattan Institute, the SOMC draws members from academic institutions and private organizations. Since its founding in 1973 with the aim of evaluating policy choices and actions of the Federal Reserve’s Open Market Committee (FOMC), the group has broadened its scope to cover a wide range of issues, covering monetary, fiscal and international trade policies as well as regulatory oversight of the financial system. The goal is to provide policy makers, journalists and the general public information to make sound policy decisions.
Bullard joined Purdue in August 2023. In addition to his duties as dean of the Daniels School, he is a Distinguished Professor of Service and Professor of Economics and serves as a special advisor to Purdue President Mung Chiang. Prior to coming to campus, he served for 15 years as president and chief executive officer of the Federal Bank of St. Louis.
Bullard earned significant praise for his longstanding leadership and innovative thinking as part of the FOMC, and he was ranked as the seventh-most influential economist in the world in 2014. He continues to be in high demand with national and international media for his views on the Fed and the economy, appearing in recent months on Bloomberg TV, Fox News, CNBC, Reuters, Wall Street Journal, New York Times, and several other outlets.
