Fed’s Bullard warns risks remain high and US economy may slow more sharply than expected

FAN Editor

James Bullard, president and CEO of the Federal Reserve Bank of St. Louis.

David Orrell | CNBC

St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply than expected.

As a result, the Fed “may choose to provide additional accommodation going forward, but decisions will be made on a meeting-by-meeting basis, he said in prepared remarks to a London conference on Tuesday.

Bullard did not address in his prepared presentation the recent preliminary trade deal reached between the U.S. and China last week.

He dissented when the Fed reduced interest rates by a quarter of a percentage point at its September meeting, arguing for a deeper half a percentage point cut.

Free America Network Articles

Leave a Reply

Next Post

U.S. pension funds took positions in blacklisted Chinese surveillance company

FILE PHOTO: A Hikvision surveillance camera is seen on the Drum Tower in downtown Beijing, China June 19, 2019. REUTERS/Jason Lee October 15, 2019 By Svea Herbst-Bayliss and Tim McLaughlin BOSTON (Reuters) – Some of the biggest public pensions funds in the United States have invested in one of the […]

You May Like