James Bullard, President of the St. Louis Federal Reserve, is on the wires now, via Reuters, commenting on the impact of the tariffs on the Fed policy.
Key Points:
“Tariffs would have to stay six months to impact the Fed policy.”
“Can see a boom in China after a trade deal.”
“Farming communities very concerned about trade war.”
“Rates are in a good place in us right now.”
“If anything the US rates are a bit restrictive.”
“Fed may have overdone it with December hike.”
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