James B. Bullard | |
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James Bullard, president of the Federal Reserve Bank of St. Louis
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Chief executive officer of the Federal Reserve Bank of St. Louis | |
Assumed office April 1, 2008 |
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Preceded by | William Poole |
James Bullard is the chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, positions he has held since 2008. He is currently serving a term that began on March 1, 2016. In 2014, he was named the 7th most influential economist in the world.
Bullard is a native of Forest Lake, Minn. He received bachelor's degrees in economics and in quantitative methods and information systems from St. Cloud State University in 1984 and a Ph.D. in economics from Indiana University in 1990.
Bullard began his career as an academic economist and monetary policy scholar. His research has appeared in numerous professional journals, including the American Economic Review, the Journal of Monetary Economics, Macroeconomic Dynamics and the Journal of Money, Credit and Banking.
Bullard joined the Federal Reserve Bank of St. Louis in 1990 as an economist in the research division. Prior to becoming president, Bullard was vice president and deputy director of research for monetary analysis at the Federal Reserve Bank of St. Louis.
Bullard succeeded William Poole as president of the St. Louis Federal Reserve Bank on April 1, 2008. According to Fed salary figures released for 2015, Bullard earns $339,700 per year, at the low end of the range for the 12 regional bank presidents but still considerably more than Fed chair Janet Yellen ($199,700), whose pay is limited by law.
As the St. Louis Fed president, Bullard participates on the Federal Open Market Committee (FOMC), the Federal Reserve’s chief monetary policymaking body, and was a voting member in 2010, 2013 and 2016. He directs the activities of the Federal Reserve's Eighth District head office in St. Louis and branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.