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Last modified: Monday, September 29, 2008

James Bullard, president of St. Louis Fed, to speak at Indiana University

Broadcast media: A live feed of St. Louis Fed President James B. Bullard's lecture at Indiana University will be provided to television network affiliates in Indianapolis.

FOR IMMEDIATE RELEASE
Sept. 29, 2008

BLOOMINGTON, Ind. -- The Department of Economics at Indiana University will present James B. Bullard, president of the Federal Reserve Bank of St. Louis, for a public lecture on the state of the U.S. economy on Thursday (Oct. 2). His lecture, which will begin at 7 p.m., will be presented live on the Internet at http://www.broadcast.iu.edu.

Bullard, who has a Ph.D. in economics from Indiana University, will speak in Alumni Hall of the Indiana Memorial Union, 900 E. Seventh St., on "Systemic Risk and the Macroeconomy: An Attempt at Perspective." A question-and-answer session with news media will follow his lecture.

"The Department of Economics is extremely pleased to welcome back one of its alumni, Dr. James Bullard, who was recently appointed to be president and chief executive officer of the Federal Reserve Bank of St. Louis," said Gerhard Glomm, professor and chairman of the Department of Economics. "Given the current financial crisis and the corresponding, hotly debated public policies, his visit to IU is timely and his lecture ought to be of great interest to a wide audience."

In addition to giving a public lecture, Bullard will meet with graduate students in the Department of Economics and give a presentation at a seminar for economics faculty and graduate students.

Bullard became president and chief executive officer of the Federal Reserve Bank of St. Louis on April 1, 2008, succeeding William Poole, who retired after serving in the position for 10 years.

The St. Louis Fed is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-charted member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.

Bullard, as president of the St. Louis Fed, rotates with other Reserve Bank presidents as a voting member of the Federal Open Market Committee, the monetary policymaking arm of the Fed.

An accomplished economic theorist with an extensive publication record in top academic journals, Bullard has spent his entire professional career at the St. Louis Fed, holding increasingly responsible positions with the bank's Research Division over 18 years. He has been a peer reviewer for more than two dozen periodicals or institutions and participated in more than 150 conferences, symposia or lectures sponsored by foreign central banks, academic institutions and monetary policy groups around the world.

The Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi.