Comments by St Louis Fed president, James Bullard
- We are monitoring the situation, willing to do more
- Market seems to be pricing in the very worst-case
- Not surprised by market volatility
- Expects growth slowdown from the virus impact to be temporary
The line on 'willing to do more' will just reinforce the case in the market now of a 50 bps rate cut ahead of the 18 March policy meeting. The headline comment also doesn't exude much confidence on their end about the current situation.
