Former St Louis Fed President Bullard: The FOMC should cut by 25 bps

No one cared about Bullard when he was at the Fed and no one cares about him now.

He says the Fed couldn’t defend 50 bps.

“It seems to me the Fed will coalesce around three 25 basis point cuts this year and keep a deeper cut in their pocket,” he said.

This article was written by Adam Button at www.forexlive.com. Source