Alister Bull Archive

St. Louis Fed Pres Bullard

[Skip to the end] Bullard is indicating rates should be left low until the Fed’s balance sheet is reduced. This would mean longer rates would likely go higher before the Fed allows short rates to rise. (It also shows he’s very confused on monetary operations but that’s a different issue.) Fed officials ...Read More

Reuters: Bernanke: full effect of rate cuts yet to be felt

by Alister Bull (Reuters) The full benefit of recent Federal Reserve interest rate cuts has not yet been felt, Fed Chairman Ben Bernanke said Thursday, nodding to a policy lag that may reduce the need for many more rate moves ahead. Ben Bernanke “Further actions will have to depend on how ...Read More