Bullard speaks
If you remember back to the ebola scare five years ago, it was Bullard who hinted at a rate cut or further QE when markets fell.
- If virus intensifies to global pandemic, Fed might react
- Investors and policymakers are 'wise to worry' about potential impacts
- Base case is that Fed policy is in a good place
- Expects economic impacts of outbreak to be 'noticeable' in China but 'on a smaller scale' elsewhere' with temporary disruptions to global supply chain
This guy is out to lunch.
