James (Jim) Bullard

speaker

126 appearances 1 recordings 1 series first heard Jul 2026 last heard 7 Jul

James (Jim) Bullard’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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store here, but it would be a more volatile outcome for traders f in fixed income for sure and even across the board.

Yeah, I can give some examples.

So I am sympathetic to Kevin Warsh that he says you telegraphed so much that the committee felt trapped at times that they had to deliver.

even in cases where the data had not really come in the way that it was projected to come in.

And I think in that situation, I think the committee did make some mistakes.

One was at the December meeting.

In twenty sixteen.

At that meeting, the committee raised the policy rate and then projected further rate increases during 2017.

It got a bad reaction.

Especially to the project increases in twenty seventeen, and that led to

Everyone's forgotten this now, except for maybe this audience remembers this way.

There's a lot of volatility.

January, February, March, and then everything was corrected in March.

So it can all be managed, but that was the unforced error, I think.

And then again in twenty eighteen, the December meeting, you had the Fed having projected all year that they were going to do four rate increases.

And then the data wasn't really cooperating in November and the run up to the December meeting, I advocated there.

that why don't we just delay this till January and see how this plays out.

But I think that's a clear case where the committee felt we have to follow through.

And they did follow through.

And then you got a very volatile Christmas

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