James Bullard, president & CEO of the Federal Reserve Bank of St. Louis is speaking in Seoul, South Korea at the Band of Korea conference
While not directly commenting on his economic outlook nor that for monetary policy he has said a few things for the entrails-gazers and tea-leaf readers to ponder:
- Monetary policy needn't address labor participation
- One-time price level increase better than QE
- Participation rate moves independently of rate policy
Bloomberg with the headlines.
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Jimmy B. will be back later for a press conference.
