James Bullard, the President of the Federal Reserve Bank of St. Louis, has officially resigned from his position, as announced by the Fed on March 13. Bullard, who has served in this role for an impressive period of 15 years, will continue to offer his advisory services to the St. Louis Fed until August 14.
Throughout his tenure, Bullard has consistently advocated for assertive rate hikes, aiming to maintain control over inflation during the current period of tightening. It is worth noting that his influence extended beyond the Federal Reserve Bank, as he was a key member of the Federal Open Market Committee (FOMC) and engaged in various speaking engagements pertaining to monetary policy matters.
Following his retirement, Bullard will assume the position of Dean at the Purdue School of Business, a reputable institution known for its accomplished faculty and notable contributions to the business world.
The St. Louis Fed has clarified that while Bullard will remain an advisor for the next month, he has stepped down from his monetary policy role and all related duties at the FOMC. Additionally, he will abstain from any further speaking engagements.
It is evident that Bullard’s resignation marks the end of an era at the St. Louis Fed, as his steadfast commitment to tackling inflation and his valuable expertise will be greatly missed. The institution will now strive to find a suitable successor who can effectively carry on Bullard’s legacy.
Photo by Fredrik Solstad/Bloomberg
Original title: Fed’s Bullard Steps Down to Head Purdue Business School (1) (excerpt)
The President of the Federal Reserve Bank of St. Louis, James Bullard, resigned on March 13. The Fed said in a statement. He will continue to be an advisor to St. Louis Fed until August 14.
Bullard, 62, has been in his job for 15 years. He has recommended aggressive rate hikes throughout the current tightening cycle aimed at keeping inflation under control. After retirement, he will be dean of the Purdue School of Business.
The St Louis Fed said he will remain an adviser for the next month, but has stepped down from his monetary policy role and other related duties at the Federal Open Market Committee (FOMC), and has stepped down to all speaking engagements.
St Louis Fed Bullard
Photographer: Fredrik Solstad/Bloomberg
Original title: Fed’s Bullard Steps Down to Head Purdue Business School (1) (excerpt)
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