Fed's Bullard: Thought quarter point hike this week was a good step

• Thought quarter point hike this week is a good step
• This moves puts Fed above 5%, but there is a lot of inflation in the economy
• Should not have recession as a base case
• Base case is slow growth, declining inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Today's jobs report again stronger than expected
• Labor market is very tight and will take time to cool
• Regional banks have hasd a couple of issues but represent a small share of US finanical intermediateion
• Sense is that regional banks will do just fine
• Top takeaway from Barr Report is that no amount of regulation Regulation Regulation is a key attribute of any forex broker in the retail industry. When investing money with a brokerage it is important to first see if they are regulated as this affords several client protections and safeguards.The financial services industry is tightly regulated to help prevent illicit behavior and manipulation. This is not unlike any other industries with a high net worth, that rely on transparency.Each asset class has its own set of protocols put in place to combat their respective Regulation is a key attribute of any forex broker in the retail industry. When investing money with a brokerage it is important to first see if they are regulated as this affords several client protections and safeguards.The financial services industry is tightly regulated to help prevent illicit behavior and manipulation. This is not unlike any other industries with a high net worth, that rely on transparency.Each asset class has its own set of protocols put in place to combat their respective Read this Term will fix bad management
• Fed can still achieve a soft landing.

The comments are the first from a Fed official post the FOMC rate decision and today's employment report. Bullard is thought to be one of the hawks, but to his credit, he was on the tightening and tightening quicker and more early on. That means he has been trading this "trade" for the longest and may be the one, who calls the peak too. It is often assumed that he will be the most hawkish forever. I don't expect that....

• Strong labor market probably means continued consumption, bolsters confidence in continued growth
• Feel can bring inflation down by allowing labor market to get back to normal, not to high unemployment
• Pandemic has put the US back in 80s and 90s style central banking of trying to tamper down inflation
• don't think monetary policy alone will put the US into recession, will take us shock of some sort
• committee thinks it is in the territory of being sufficiently restrictive
• Wall Street seems to be betting heavily on a recession scenario
• The debt ceiling is a must pass vote for Congress
• Given capital exchange-rate rules in China does not look like one could become a reserve currency
• On commercial real estate need to draw a distinction between large downtowns like Manhattan versus smaller places