calculatedriskblog.com - 10/25/2009
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Usually this would be a "duh", but with some of the Fed talk recently, this is worth noting ... From Bloomberg: Bullard Says Lower Unemployment Condition to Tighten ...“You want some jobs growth and unemployment coming down. That is a prerequisite” for an increase in interest rates, Bullard ...
economistsview.typepad.com - 11/1/2009
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Open Mouth Operations, fin.
self-evident —
... negligible, even in the face of extraordinarily accommodative monetary policy. I think this narrative overplays the output gap story.” Bullard’s presentation, “Three Issues for Near-Term Monetary Policy,” is available here.
It sure quacks like a hawk… (Aside: The presentation is just a bunch of PowerPoint slides, so it is a quick read if you are curious.) Then, the very next day, we got the following report on Bloomberg (via Calculated Risk):
Federal Reserve Bank of St. Louis President James Bullard ...
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