James Bullard, president of the Federal Reserve Bank branch in St. Louis
- says it is president's prerogative to appoint Stephen Moore to Fed
- says no one voice can be dominant at Fed given size of committee
- says he sees continuity in monetary policy regardless of who might join the Fed
- says he sees likely rebound of growth in 2nd quarter and rest of year, with economy still in good shape
- says it is premature to contemplate a rate cut now
- says would need a wider variety of Treasury spreads to invert and stay there for several months before concluding that it is sending a clear recession signal
I bolded that last bit, add Bullard to the yield curve inversion doubter ranks.
Earlier:
