- St. Louis Fed President Bullard says that he feels rate cut was most appropriate option
Market news
21 June 2019
St. Louis Fed President Bullard says that he feels rate cut was most appropriate option
- Wanted to cut rates as "insurance" against further expected declines in inflation
- Also against the largly expected slowdown in economic growth
- Says that market-based inflation expectations have weakened considerably below the Fed's 2% inflation target
- Feels that factors behind weak inflation unlikely to be transitory
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