St Louis Fed President James Bullard speaking in Tokyo
- See marginal impact on long-term yields from Fed balance sheet reduction
- Looking forward to starting Federal Reserve balance sheet reduction in second half of this year
- We are monitoring subprime auto and student loans but they are not near danger levels
- Good to cap the amount of mortgage-backed securities allowed to run off balance sheet
Headlines via Reuters
And, Mr. B with more advice for the Bank of Japan:
- Prudent for BOJ to lay out an exit strategy