St. Louis Fed’s Bullard Discusses Inflation Targeting, U.S. Economy, Housing and Monetary Policy

In discussing the collapsed housing bubble, Bullard noted that most components of U.S. GDP – except for the components of investment related to real estate – have recovered to their levels in the fourth quarter of 2007. “It is therefore not reasonable to claim that the ‘output gap’ is exceptionally large,” he said.

via St. Louis Fed’s Bullard Discusses Inflation Targeting, U.S. Economy, Housing and Monetary Policy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s