Comments from Bullard
- We have already adjusted for trade uncertainty
- Don't see a recession on the horizon
- Does not see conditions that would warrant a half-point cut all at once
- Appreciated for Fed Chairs speaking on independence
- Fed is making decisions the way it always has, despite political 'buzz'
- Fed should not react to short-term market moves
- Doesn't regard recent policy moves in Chinese currency as evidence of a change in the country's foreign exchange policy
This is not the kind of thing you want to hear if you're long bonds.
