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BULLARD James
BULLARD James
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BULLARD James

BULLARD
James

President of the Federal Reserve Bank of St. Louis

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Biography

James Brian 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, 2021. In 2014, he was named the 7th most influential economist in the world in terms of media influence.

Early life

Bullard was born in Columbus, Wis., and grew up in 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.

Career

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.

Federal Reserve Bank of St Louis

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 Jerome Powell ($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, 2016 and 2019. 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.

Other

Bullard is an honorary professor of economics at Washington University in St. Louis, where he also sits on the advisory council of the economics department and on the advisory boards of the Center for Dynamic Economics and the Wells Fargo Advisors Center for Finance and Accounting Research. He is a member of the St. Cloud State University School of Public Affairs advisory council. He serves on the board of directors of Concordance Academy of Leadership, and he is a past chair of the United Way's U.S.A. Board of Trustees and a former member of the United Way Worldwide Board. Bullard also serves on the editorial advisory board of the National Institute Economic Review and on the senior council of the Central Bank Research Association. Bullard is a former member of the University of Missouri-St. Louis Chancellor’s Council, the St. Louis Regional Chamber’s board of directors and the Greater St. Louis Financial Forum. He is co-editor of the Journal of Economic Dynamics and Control and a peer reviewer for more than two dozen periodicals and institutions.

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