- A 50 basis point cut in September sounds panicky
- Rate could be 100 basis points lower before talking about neutral territory.
- You don't want to be to aggressive as you might get burned by the data
- US does not have as good economic data as it appears.
Although the general view is that Bullard was more of a dove. However, I see him more as a leader to the upside and to the downside. He has been hawkish - and more hawkish relatively early - in his past role as St. Louis Fed Pres.
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