Fed's Bullard Resigns to Lead Purdue Business School

Jim Bullard, President of the St. Louis Federal Reserve, plans to resign to lead Purdue Business School. Kathleen Hayes reflects on Bullard's impactful career, highlighting his role as a thought leader in monetary policy, especially during the pandemic and quantitative easing periods. Bullard's tenure at the Fed has been marked by significant contributions to policy discussions, including interest rate strategies and inflation management.

What new position is Jim Bullard planning to take after resigning from the Saint Louis Fed?

• Dean of Purdue Business School

• CEO of a major bank

• Consultant for the World Bank

• Professor at Harvard University

How did Jim Bullard initially feel about being interviewed when he took over the Saint Louis Fed?

• He was confident and prepared

• He was indifferent

• He was reluctant and unsure

• He was eager and excited

What significant monetary policy did Jim Bullard discuss early in his career?

• Currency devaluation

• Tax reforms

• Quantitative easing parameters

• Interest rate cuts

What was one of Jim Bullard's key recommendations for the Federal Reserve post-pandemic?

• Eliminating interest rates

• Maintaining current interest rates

• Front-loading interest rate hikes

• Reducing interest rates

What was a major focus of Bullard's recent monetary policy efforts?

• Achieving a stable 2% inflation rate

• Reducing inflation to 1%

• Eliminating inflation entirely

• Increasing inflation to 5%