Here’s a good write up by the Washington Post on the paper written by St Louis Fed president Bullard on a potential Japanese-style deflation here in the US.
Bullard and Dallas Fed president Richard Fisher are expected to meet at dawn for a deflation-duel. Fisher says the Fed would be pushing on a string if it were to ease further while Bullard calls QE the best tool the Fed has to avoid deflation.
10 paces, gentlemen…
