- St. Louis Fed president Bullard: A 50 bps rate cut was more appropriate
Market news
20 September 2019
St. Louis Fed president Bullard: A 50 bps rate cut was more appropriate
- I dissented Fed decision because a 50 bps rate cut was more appropriate
- There are signs U.S. growth will slow in the near horizon
- The manufacturing sector appears to be in a recession
- Dissent also prompted by inverted yield curve as well as low inflation
- Says a 50 bps rate cut would provide insurance against slowing economy
- It would also promote a more rapid return of inflation and inflation expectations
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