Fed Watcher Quote Of The Day

St. Louis Fed President James Bullard is worried about deflation, and he has a new paper out today, that has caught the attention of Fed watchers everywhere. Here's the money quote:

The U.S. is closer to a Japanese-style outcome today than at any time in recent history.

For a quick review of what happened during Japan's "lost decade," listen to our interview with Adam Posen, author of Japan's Financial Crisis and Its Parallels to U.S. Experience.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.