[The Fed’s “big hawk” Bullard announced his resignation, and the FOMC doves are expected to grow in strength]
Bullard, chairman of the St. Louis Fed and a "big hawk", announced on July 13 that he would resign as chairman of the St. Louis Fed on the same day. He will officially leave the St. Louis Fed on August 14 and go to Purdue University (Purdue) Mitchell E. Daniels, Jr. School of Business as dean. The St. Louis Fed said that after July 13, Bullard will serve as an advisor to the leadership of the local Fed and help ensure a smooth leadership transition until August 14. He himself no longer performs monetary policy-related responsibilities on the Federal Reserve Monetary Policy Committee (FOMC) and stopped all public speeches. It is worth mentioning that the St. Louis Fed President will have his turn to vote on the FOMC in 2025.
Bullard, chairman of the St. Louis Fed and a "big hawk", announced on July 13 that he would resign as chairman of the St. Louis Fed on the same day. He will officially leave the St. Louis Fed on August 14 and go to Purdue University (Purdue) Mitchell E. Daniels, Jr. School of Business as dean. The St. Louis Fed said that after July 13, Bullard will serve as an advisor to the leadership of the local Fed and help ensure a smooth leadership transition until August 14. He himself no longer performs monetary policy-related responsibilities on the Federal Reserve Monetary Policy Committee (FOMC) and stopped all public speeches. It is worth mentioning that the St. Louis Fed President will have his turn to vote on the FOMC in 2025.