Reported about 9 hours ago
James Bullard, former president of the Federal Reserve Bank of St. Louis and a candidate for the next Fed chair, stated he would not have supported a 50 basis point interest rate cut during the recent meeting, believing the 25 basis point cut was appropriate for the fragile labor market. He anticipates several more adjustments in the coming months but emphasizes the importance of maintaining flexibility for future decisions.
Source: YAHOO