The US manufacturing sector “already appears in recession” and overall economic growth is expected to slow “in the near horizon,” St. Louis Federal Reserve Bank president James Bullard said on Friday, explaining why he dissented at a recent Fed meeting and wanted a deeper, half-percentage-point rate cut. The Fed reduced its target overnight policy rate...
Fed’s James Bullard Says Us Manufacturing Appears ‘in Recession’
Reuters, New York Post: Business
Fri, 09/20/2019 - 6:42am
BING NEWS:
- Weekly Commentary: Trouble Brewing In Financial Asset Wonderland
The Fed's misguided dovish pivot unleashed precariously loose market conditions, stoking wild speculative excess while ensuring inflation became deeply embedded.
04/12/2024 - 11:56 pm | View Link - US still on track for a soft landing: Fmr. St. Louis Fed Chief
One person who has an inside look into how the Fed views those reports is former Federal Reserve Bank of St. Louis President and current Purdue Daniels School of Business Dean James Bullard.
04/12/2024 - 2:56 am | View Link - Why the Fed risks relearning the painful inflation lessons of the 1970s
To this end, James Bullard penned an important missive about this bygone inflation era in 2022 (while president of the St. Louis Fed). After price inflation spiked to 12% in 1974, the Arthur Burns ...
04/10/2024 - 7:01 pm | View Link - Fedspeak, TSM's new high, HSBC disposal
Federal Reserve speakers continue to voice their opinions over potential interest rate cuts ahead of the release of key inflation data. Taiwan Semiconductor Manufacturing has hit a new high, while ...
04/8/2024 - 9:42 pm | View Link - Bullard Says Three Fed Rate Cuts This Year Is ‘Base Case’
(Bloomberg) -- Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest-rate cuts this year as inflation moves toward the central bank’s target while ...
04/8/2024 - 2:30 pm | View Link - More
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