St. Louis Fed president Jim Bullard, one of the central bank’s most hawkish members, stepping down

St. Louis Federal Reserve Bank President James Bullard, one of the most hawkish members of the central bank since it started it aggressive rate-hiking campaign, is stepping down. Bullard is leaving his position as president and CEO of the St. Louis Fed to become the inaugural dean of the Mitchell E. Daniels Jr. School of Business at Purdue University next month, the bank announced Thursday. While he’ll be available in an “advisory capacity” to the Fed until Aug. 14, Bullard has recused himself from his role on the central bank’s committee that determines the direction of interest rates and other monetary policy.