Federal Reserve Bank of St. Louis President James Bullard offered “Perspectives on 2019 Monetary Policy” at the Little Rock Regional Chamber’s Power Up Little Rock event on Thursday. In his talk, Bullard pointed out that U.S. macroeconomic performance surprised to the upside during 2017 and 2018 but inflation remains subdued. “U.S. monetary policymakers reacted to the upside surprise in macroeconomic performance during 2017 and 2018 by taking the opportunity to normalize U.S. short-term interest rates,” he said. However, market-based signals such as low market-based inflation expectations and a threatening yield ... (full story)