Comments by St Louis Fed president, James Bullard
- Says that 2019 inflation may fall short of target
- Rate cut may help to maintain inflation goal credibility
- Says that Fed needs to tread carefully to sustain US expansion
- Any adjustment in policy would be in response to incoming data
- Says current trade disputes could become entrenched
- That could alter global trade patterns over the medium-term
Just be reminded that Bullard is the most dovish member in the FOMC voting board this year, so his comments doesn't come as too much of a surprise. He has been making similar statements in the past, so yeah just take his remarks with a pinch of salt.