federal reserve: "Central bank requires more flexibility”: Bullard - 10/01/19 12:48 PM
James Bullard, president of the Federal Reserve in St. Louis, thinks that the central bank needs to be more flexible regarding the monetary policy to defend our economy from the impending trade war consequences, as well as inflation. Bullard didn’t fully agree to the new Fed decisions, he preferred a less critical cut to rates, favoring a half point reduction.
This is what Bullard had to say:
“Trade policy uncertainty creates a disincentive for global investment and slower global growth may feed back into slower growth in the U.S. Insurance rate cuts may help re-center inflation and inflation expectations at the 2% target … (0 comments)