Additional comments from St. Louis Fed President James Bullard now cross the wires with key quotes, via Reuters, found below.
- Expected fed funds rate of 3.4% in 2020 would be ‘quite a way’ into restrictive territory.
- Further rate hikes could be warranted if economy continues to surprise to the upside.
- Has been willing to go along with rate hike so far because economy has surprised to upside.
- Not seeing evidence yet of a productivity increase that would raise potential us economic growth.
- Does not think Fed should ‘pencil in’ any more hikes.
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