Shrinking the balance sheet may allow space for more QE says Bullard

Why did he have to go there?

  • Raising the Fed's inflation target is probably not a good idea

  • We can overblow the impact of a higher dollar on the US economy

  • Stronger USD hits exports but makes imports cheaper (no flies on this fella)

Thanks for that Bully. I'm out of half my USDCHF short at 0.9975 and half my USDJPY short at 112.25. Happy days :-D

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