St. Louis Federal Reserve President James Bullard has stepped down to become dean of Purdue University's business school, the bank announced Thursday.
Former U.S. International Trade Commission chief Peter Morici joined"Varney & Co." to discuss the Federal Reserve’s target inflation rate.announced Thursday that its longtime president and CEO, James Bullard, has stepped down in his official capacity and will soon head to Purdue University.
The bank said in a press release that Bullard will stay on as an adviser until Aug. 14, when he leaves to become the inaugural dean of Purdue's Mitchell E. Daniels Jr. School of Business. James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, is shown during a conference in Oslo, Norway, on June 16, 2023. Bullard stepped down as president of the bank Thursday and will stay on as an adviser until mid-August.
"It has been both a privilege and an honor to be part of the St. Louis Fed for the last 33 years, including serving as its president for the last 15 years," Bullard said in a statement, adding, "The Bank is well-positioned for ongoing success and impact."
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