Reported 10 months ago
Former St. Louis Fed President Jim Bullard discusses the Federal Reserve's recent interest rate decision, suggesting that the markets' strong reaction was unwarranted. He argues that a 25 basis point cut positions policy appropriately amid persistent inflation concerns and emphasizes the need for a restrictive stance to manage inflation. Bullard believes the market's sell-off is due to a misinterpretation of the Fed's message and asserts that the current policy rates are fitting for the economic environment.
Source: YAHOO