ICYMI: Bullard said rates "at the low end of what is arguably sufficiently restrictive"St. Louis Federal Reserve branch President James Bullard wrote an essay. It was published on Thursday.
The Wall Street Journal have a (gated) piece with a summary.
Bullard wrote that:
- the monetary-policy landscape is in "much better shape today" with the federal funds rate "at a more appropriate level than it was a year ago"
- Bullard suggested rates are now "at the low end of what is arguably sufficiently restrictive given current macroeconomic conditions."
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Other Fed officials have been a little more dovish in the past two days:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ICYMI: Bullard said rates "at the low end of what is arguably sufficiently restrictive" (https://www.forexlive.com/centralbank/icymi-bullard-said-rates-at-the-low-end-of-what-is-arguably-sufficiently-restrictive-20230601/)
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