It was more than a year ago when St. Louis Federal Reserve bank President James ...
ST. LOUIS - It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases.
But with months of market turbulence and three rate cuts now in the rear view mirror, Bullard says he is ready to stand down, leave policy on hold for up to a year, and see what transpires. But it is also further indication of a broader consensus that may well keep the Fed on the sidelines, with interest rates unchanged, throughout a potentially turbulent U.S. presidential election season.
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