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09.25.2009 5:59 pm

Bullard says Fed needs a new policy rule

St. Louis Post-Dispatch

James Bullard, president of the St. Louis Federal Reserve Bank, is worried about falling into a “trap” in which deflation remains a danger and interest rates remain low for an extended period of time. To avoid that trap, he said…

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11.21.2008 5:32 pm

Bullard: Fed’s rate targeting days are almost over

St. Louis Post-Dispatch

James Bullard, president of the St. Louis Federal Reserve Bank, notes that with its target rate at 1 percent, the Federal Reserve doesn’t have much more room to manage the economy by cutting rates. In a speech yesterday in Evansville, Ind., Bullard…

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