Federal Reserve Bullard said that “aggressive” action needed given dive in U.S. bond yields, the impact of the trade war.
Key comments:
- Current fed policy rate “too high,” would be better to get to “the right point” now rather than in smaller steps.
- A 50 basis point cut would align central bank with market expectations.
- Calls trade debate a “reckoning” for the current world trading system that could take a long time to sort out.
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