Fed's Bullard sees rates staying low while SNB's Jordan says Franc remains high

More from Bullard and the same old same old from Jordan

Bullard

  • Low interest rate regime is not expected to turn around and mean revert

  • There are many possible outcomes for the US economy and mon pol can react accordingly

  • If fiscal policy raises productivity growth it would usually require higher interest rates

Jordan

  • Franc still significantly overvalued and the SNB will intervene when necessary

  • Economic situation with trade partners has improved but large uncertainties remain.

Jordan is speaking in a Swiss government meeting.

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