Fed's Bullard explains the problem with keeping rates at zero forever
Advertisement
St. Louis Fed president James Bullard stopped by Business Insider to talk about the Fed's decision not to raise rates in September. Bullard does not have a vote on the FOMC this year but argued against the decision to keep rates near zero.
The most notable part of Janet Yellen's news conference was when she responded to a question by saying she couldn't rule out keeping rates near zero forever. We asked Bullard why having a zero interest rate policy forever was a bad idea. He made a strong argument by pointing to Japan.
Produced by Graham Flanagan and Sara Silverstein
Follow BI Video: On Facebook
Advertisement
- Markets bounce back in early trade on firm global trends; buying in ITC, Reliance
- Rupee trades in narrow range against US dollar in early trade
- Online Privacy and Data Security
- 5 things to avoid doing if your phone gets wet
- Intense rains quench Uttarakhand’s wildfire frenzy; Supreme Court tells state govt. to stop relying on rain god
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market