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Fed’s Bullard tells Utah State crowd 2 percent inflation target is paying off in growth

Editor's Note: James Bullard is the president and CEO of the Federal Reserve Bank of St. Louis. This story has appeared in a number of other publications such as The Wall Street Journal, The Chicago Tribune, Fox Business, and others

The Salt Lake Tribune

Logan • Although the dream of most of America’s workforce is unlimited leisure time and an equal amount of discretionary funds, James Bullard and other leaders of the Federal Reserve are concerned with harsh reality.

Charged with setting monetary policy to best manage the index of well being in the United States, the Federal Reserve and its key committees have strong points and weak ones, Bullard told an overflow crowd Monday while delivering the 2012 George S. Eccles Distinguished Lecture in Economics at Utah State University.

Bullard, 51, is president and CEO of the Federal Reserve Bank of St. Louis and member of the powerful Federal Open Market Committee (FOMC). St. Louis is one of 12 regional banks that influence the flow of money and credit in the nation’s economy.

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