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Bullard: It is Reasonable to Cut Rates by 75 Basis Points by the End of the Year
Summary: According to sources, former St. Louis Fed President Bullard expressed interest in becoming the Fed Chair and has had discussions with US Treasury Secretary Yellen. Bullard expects the FOMC to cut rates by 25 basis points and believes that the market's expectation of a cumulative 75 basis points rate cut by the end of the ...
According to sources, former St. Louis Fed President Bullard expressed interest in becoming the Fed Chair and has had discussions with US Treasury Secretary Yellen. Bullard expects the FOMC to cut rates by 25 basis points and believes that the market's expectation of a cumulative 75 basis points rate cut by the end of the year is reasonable. He also stated that success means defending the US dollar's status as a reserve currency and maintaining low and stable inflation.
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Link: Bullard: It is Reasonable to Cut Rates by 75 Basis Points by the End of the Year [Copy]
