Ex-Fed Bullard says he expects a slow pace of rate cuts from the FOMC

Bullard is the previous President of the St. Louis Fed:

  • US economy remains strong
  • Expects slow rate cut pace

I’m not sure of the event Bullard was speaking at.

While the US economy is beginning to show signs of slowing a touch, it does remain robust. And the latest signals from Fed officials is for a cautious first cut and a slow roll out of further cuts after that. As such, there isn’t much to argue with Bullard here.

This article was written by Eamonn Sheridan at www.forexlive.com. Source