Bullard speaking in Illinois

  • Key risk is US economy slows more than expected
  • Insurance rate cuts may help re-center inflation
  • Slower global growth may weigh on US expansion
  • Said Fed may opt to ease again, will go meeting by meeting
  • Fed considerably more accommodative then in late 2012
  • Not seeing an intensification of yield curve inversion
  • Trade uncertainty a disincentive for global investment

Also coming out at the same time, the WSJ report (it seems from the same speech text from Illinois):

  • cuts made so far have added quite a bit of stimulus
  • it's unclear right now whether or not his colleagues will support more rate cuts
  • the storm clouds around the economy aren't likely to fade soon
  • recent developments in global trade negotiations suggest that it will be difficult to reach a stable global trade regime over the forecast horizon.
  • Global trade should cast a chill over business investment

You can read the article HERE