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The FOMC’s Substantial Turn during 2019

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Abstract

During a presentation in Louisville, Ky., St. Louis Fed President James Bullard noted that the U.S. economy has been slowing down in 2019 after relatively rapid growth during 2017 and 2018. The economy faces downside risk that may cause a sharper-than-expected slowdown, which “may make it more difficult for the Federal Open Market Committee (FOMC) to achieve its 2% inflation target,” he said.

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  • James B. Bullard, 2019. "The FOMC’s Substantial Turn during 2019," Speech 87538, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlps:87538
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