St. Louis Federal Reserve branch President James Bullard wrote an essay. It was published on Thursday.
The Wall Street Journal have a (gated) piece with a summary.
Bullard wrote that:
- the monetary-policy landscape is in "much better shape today" with the federal funds rate "at a more appropriate level than it was a year ago"
- Bullard suggested rates are now “at the low end of what is arguably sufficiently restrictive given current macroeconomic conditions.”
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Other Fed officials have been a little more dovish in the past two days:
- Forexlive Americas FX news wrap: June Fed hike odds dive after comments
- Forexlive Americas FX news wrap 1 Jun: USD moves lower on lower inflation/Fed skip
