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Interview With St. Louis Fed President James Bullard

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Last week’s jobs report demonstrated the ongoing strength of the U.S. economy and underscored the need for the Federal Reserve to rein in its stimulus efforts, a Fed official said Tuesday. St. Louis Federal Reserve Bank President James Bullard said that Friday’s report, which showed a healthy gain of 943,000 jobs last month, means the economy is making sufficient progress to start reducing, or tapering, the Fed’s $120 billion in monthly bond purchases. Those purchases, which began last March during the pandemic recession, are intended to lower longer-term interest rates and bolster the economy.

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  • James B. Bullard, 2021. "Interview With St. Louis Fed President James Bullard," Speech 93742, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlps:93742
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    File URL: https://apnews.com/article/business-ff189925c6ff2b6cfbb851dd3f37ecee
    File Function: Interview transcript
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    Keywords

    tapering; economic outlook;

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