Jim Bullard
Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business
Distinguished Professor of Service and Professor of Economics
Special Advisor to the President
Economics
Education
Ph.D., Economics, Indiana University, Bloomington, Indiana, 1990.
Bachelor of Science, Quantitative Methods and Information Systems, and Economics, St. Cloud State University, St. Cloud, Minnesota, 1984.
James “Jim” Bullard, the longest serving sitting president of Federal Reserve Banks and one of the nation’s foremost economists and respected scholar-leaders, was chosen in July 2023 as the inaugural dean of the reimagined Mitchell E. Daniels, Jr. School of Business at Purdue University.
Bullard, who took the reins as the Dr. Samuel R. Allen Dean on August 15, is charged with inspiring, further developing and implementing Purdue’s reimagined approach to a top-ranked business school across undergraduate, graduate, executive and research programs, preparing tomorrow’s business leaders and entrepreneurs in the Daniels School that is grounded in the principles of free enterprise, free market economy in generating opportunities and prosperity, and in the hallmarks of a well-rounded Purdue education and with a particular emphasis on tech-driven, analytics-based business success.
To further reflect and to maximize the impact of Bullard’s unique, national leadership experience, he also serves as Special Advisor to the President of the university, reporting to President Mung Chiang in that capacity. Bullard is also a Distinguished Professor of Service and Professor of Economics in the Daniels School.
Serving 15 years as the sitting president and chief executive officer of the Federal Reserve Bank of St. Louis, Bullard earned significant praise and accolades for his long-standing leadership and innovative thinking as part of the Federal Open Market Committee (FOMC) in guiding the direction of U.S. monetary policy. A noted economist and scholar, Bullard had been the longest-serving Federal Reserve Bank president in the country and ranked as the seventh-most influential economist in the world in 2014. His scholarly impact has been based on research-based thinking and intellectual openness to new theories and explanations. That allowed Bullard to be an early voice for economic change, helping the Federal Reserve deftly navigate complex economic landscapes such as the COVID-19 pandemic and the financial crisis during his tenure.
Before becoming president in 2008, Bullard served in various roles at the Federal Reserve Bank of St. Louis, starting in 1990 as an economist in the research division and later serving as vice president and deputy director of research for monetary analysis. For 15 years, he directed the activities of the Federal Reserve’s Eighth District, which branches into several states, including an extensive portion of southern Indiana. While serving on the Federal Reserve’s Open Market Committee, Macroeconomic Advisers named Bullard the FOMC's second biggest mover of markets in 2010 behind Chairman Ben Bernanke and the biggest mover of markets in 2011 and 2013.
During his time as an academic economist and financial policy scholar, Bullard’s research has appeared in premier journals, including the American Economic Review; the Journal of Monetary Economics; Macroeconomic Dynamics; and the Journal of Money, Credit and Banking. The majority of his research is some form of macroeconomic analysis, focusing on monetary policy, inflation/deflation, and macroeconomic stability.
Bullard served as an honorary professor of economics at Washington University in St. Louis, where he also sat on the advisory council of the economics department as well as several advisory boards. The St. Louis Post-Dispatch named him the Top Workplace Leader among the region’s large employers as part of its 2018 Top Workplace Awards. Active in the community, Bullard has served on the board of directors of Concordance Academy of Leadership in St. Louis and was formerly the board chair of the United Way U.S.A. He is co-editor of the Journal of Economic Dynamics and Control, a member of the editorial advisory board of the National Institute Economic Review and a member of the Central Bank Research Association’s senior council.
Born in Wisconsin, Bullard grew up in Forest Lake, Minnesota, and received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minnesota.
Managing Everyone Everywhere All at Once
James Bullard, the Dr. Samuel R. Allen Dean of Purdue University's Daniels School of Business, has developed an economic model that serves as a benchmark to see how adept U.S. policymakers are at selecting the best policies and provides suggestions for further improvement.
US still on track for a soft landing: Fmr. St. Louis Fed Chief
US still on track for a soft landing: Fmr. St. Louis Fed Chief
Full story: US still on track for a soft landing: Fmr. St. Louis Fed Chief
- Fmr. St. Louis Chief Bullard: Three Rate Cuts This Year Is 'Base Case'
Fmr. St. Louis Chief Bullard: Three Rate Cuts This Year Is 'Base Case' - Former St. Louis Fed Pres. Bullard: March jobs report shows ‘the economy is running pretty hot’
Former St. Louis Fed Pres. Bullard: March jobs report shows ‘the economy is running pretty hot’ - Powell at crossroads as inflation bites again says former St. Louis Fed president Bullard
Powell At Crossroads As Inflation Bites Again: Fed Needs To 'Get Going On The Rate Cuts They Have To Make' Former Governor Says - Month-over-month inflation making markets 'nervous': James Bullard
Month-over-month inflation making markets 'nervous': James Bullard - Fed's cautious approach to cutting rates reinforced by new inflation reading
Fed's cautious approach to cutting rates reinforced by new inflation reading - Bullard says February job report increases chance of Fed cutting interest rates sooner
Bullard says February job report increases chance of Fed cutting interest rates sooner - Purdue Expert: Economic Trends 2024
Dean Bullard reviews the current state of the U.S. economy and highlights specific data to support his analysis. He encourages people to save money in case of any changes. - Bullard: You might as well keep the policy somewhat higher, but there’s some risk
Bullard: You might as well keep the policy somewhat higher, but there’s some risk - Jim Bullard: Building a Business School
The Daniels School's Jim Bullard appeared on IBJ's Business and Beyond podcast. - Powell needs to avoid a ‘Honey, I forgot to shrink the policy rate’ moment
Fed should cut rates now, so they’re not too high later in the year, Jim Bullard told MarketWatch. - Purdue Expert: 2024 Economic Outlook
James “Jim” Bullard, former president and chief executive officer of the Federal Reserve Bank of St. Louis, is the Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University. In this video, he reviews the current state of the U.S. economy. Bullard says that while a recession is always possible, he does not believe it is any more likely than normal right now. In fact, he says the economy accelerated in the second half of 2023. Labor markets remain strong with the unemployment rate at 3.7%, only two ticks above the lowest rate of the past 50 years. Additionally, the number of job openings per unemployed worker continues to be elevated. Unemployment insurance claims also sit very low at 200,000. Bullard advises consumers to be mindful of their spending habits in order to protect themselves from inflation. - Daniels School’s new leadership team in place
Since being unveiled as Purdue University’s next big move one year ago, the Mitchell E. Daniels, Jr. School of Business is gaining momentum, evidenced by a $50 million gift from the Lilly Endowment for the school’s new building, a $50 million gift from the Dean and Barbara White Foundation, and recognition as a game-changer in shaping the future of business education. - How Purdue’s Daniels School is shaping the future of business education
Purdue University's Mitchell E. Daniels, Jr. School of Business had a banner year following its 2023 launch, and its leaders tell BestColleges the momentum shows no sign of slowing in 2024. - What this week’s Fed rate decision and tax season means for investors
This week, the Federal Reserve's rate-setting committee is expected to release a decision on interest rates. When will the central bank finally begin lowering rates? Former St. Louis Fed President James Bullard joins us to share his thoughts on the decision and what he thinks the Fed needs to prioritize next. Plus, ready or not, tax season is here. Tax filing season starts January 29 and we want to understand what this means for you and your investments. WSJ reporter, Laura Saunders, joins us to share what investors should be paying most attention to as they prepare their filings. Plus, we’re gearing up to enter Apple’s virtual world. The technology company is set to release their mixed-reality headset, Vision Pro, at the end of the week. The company also faces added pressures from Microsoft as the company briefly overtook Apple as the largest U.S. company by market value. Could virtual reality be what keeps Apple on top? - Former St. Louis Fed president says markets pricing in too many fed rate cuts
The Fed's next move is likely a cut but won't come until later in 2024 because policymakers must be totally sure inflation is not going to plateau around 3% or even reverse recent declines, says former St. Louis Fed President James Bullard. - A New Dean for a New Era: Getting to know Daniels School Dean Jim Bullard
In this episode of “This Is Purdue,” we’re talking to Jim Bullard, the Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business. Listen as Dean Bullard discusses his career journey from his time navigating obstacles like the Great Recession and COVID-19 pandemic as president of the Federal Reserve Bank of St. Louis to accepting his new role with the Daniels School of Business — an opportunity he calls “irresistible.” Dean Bullard shares his excitement for the future and how he plans to use his robust real-world business and economics experience to innovate the Daniels School of Business. - New business school building puts students at the forefront
Following approval from the Board of Trustees, the Mitchell E. Daniels, Jr. School of Business will have a new iconic, prestigious building that provides a bright lantern to the reimagined school. - Where are interest rates headed? What to expect from the Fed meeting
Officials are likely to leave rates unchanged and could temper investors’ expectations of earlier rate cuts. - Inflation is going in the right direction: James Bullard
Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.' - Purdue Expert: Inflation and Economy
James “Jim” Bullard, former president and chief executive officer of the Federal Reserve Bank of St. Louis, is the Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University. In this video, he reviews the state of the U.S. economy and inflation. Bullard says contrary to expectations that the economy was on the verge of a recession, inflation is falling across all metrics. Headline inflation, as reported in the Consumer Price Index (CPI), was at 9%, but has fallen 6 points to 3%. The Federal Reserve substantially raised interest rates in 2022 to fight inflation and high prices. After they slowed down at the end of the year into 2023, many experts expected the U.S. economy to slow down as well. In the third quarter, Bullard says the economy instead has accelerated. He says that labor markets remain strong and all of these factors give reason to be optimistic about the economy going into winter. - U.S. to 'most likely' avoid recession, Bullard says
Continued growth is the "most likely scenario" for the U.S. economy, Bullard, the dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University, said in an interview with Nikkei. - There is a risk the reaccelleration of the U.S. economy will filter into inflation
James Bullard, former president of the St. Louis Fed and dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University, says the FOMC has to remain vigilant to get back to 2 percent inflation. - Daniels School faculty discuss economic trends for Indiana businesses
Daniels School Dean Jim Bullard and Prof. Kevin Mumford discussed economic trends for Indiana businesses at recent luncheon. - Inflation not likely to fall as quickly as Fed hopes
James Bullard addresses concerns over rising interest rates on "Cavuto: Coast to Coast." - Purdue business school dean sees optimism in US economy
The dean of the Mitchell E. Daniels Jr. School of Business at Purdue University says there is reason for optimism about the economy heading into the winter season. - Daniels School dean and former St. Louis Fed pres. Bullard: Markets hate uncertainties
Jim Bullard, the Dr. Samuel R. Allen Dean of Purdue's Mitchell E. Daniels, Jr. School of Business and former St. Louis Fed president, joins 'Squawk on the Street' to discuss his thoughts about the macroeconomy relative to the moves in treasuries, the jobs report, and if recent geopolitical events will have any impact to the United States' rate trajectory. - Daniels School dean sits down for candid live Instagram conversation
Students will have the opportunity to hear about the reimagined Mitchell E. Daniels, Jr. School of Business and its new leader directly from the dean of the school. Jim Bullard, Dr. Samuel R. Allen Dean, will respond to student questions at 1 p.m. on October 5. - Launch of the Daniels School marks the next giant leap for business at Purdue
On August 30, 2023, Purdue’s new Mitchell E. Daniels, Jr. School of Business celebrated its official launch and welcomed its inaugural dean. - Bullard on U.S. economy, FOMC policy, interest rates
Former Federal Reserve Bank of St. Louis President James Bullard, the Dr. Samuel R. Allen Dean of Purdue's Mitchell E. Daniels, Jr. School of Business, said a pickup in economic activity this summer could delay plans for the Fed to wrap up interest-rate increases. - New Daniels School dean leads wide-ranging conversation on economics
The new dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University will share his vast monetary policy expertise during an upcoming live National Association for Business Economics (NABE) webinar. - Recession fears have been ‘blown out of the water,’ says Daniels School dean and long-serving Fed president
Former St. Louis Fed chief James Bullard, the Dr. Samuel R. Allen Dean of Purdue's Mitchell E. Daniels, Jr. School of Business, warns that stronger growth will require even higher rates - Daniels School of Business dean announced
James Bullard was named the dean of the Mitchell E. Daniels, Jr. School of Business starting on Aug. 15 after spending 15 years as the president and chief executive officer of the Federal Reserve Bank of St. Louis. He has earned praise and accolades for his long-standing leadership as part of the Federal Open Market Committee in guiding the direction of U.S. monetary policy. - ‘A Head-Turning Recruit’: Jim Bullard named new dean of Purdue’s Daniels School of Business
James “Jim” Bullard, a longstanding Federal Reserve Bank president and influential economist, has been named the dean of Purdue University’s Mitchell E. Daniels, Jr. School of Business. - Jim Bullard, president of St. Louis Federal Reserve Bank, appointed inaugural dean at Purdue’s Daniels School of Business
The longest serving sitting president of Federal Reserve Banks and one of the nation’s foremost economists and respected scholar-leaders has been chosen to lead the continued transformation of the reimagined Mitchell E. Daniels, Jr. School of Business (DSB) at Purdue University. James “Jim” Bullard on Thursday (July 13) was named the inaugural Dr. Samuel R. Allen Dean of the Daniels School of Business with a start date of Aug. 15.