• St. Louis Fed president Bullard: A 50 bps rate cut was more appropriate

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20 septiembre 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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