St.Louis Fed President Jim Bullard – and uber-dove – has apparently decide to distance himself from going ‘full-Kashkari’ by noting while “it seems like a good time for an insurance rate-cut,” the situation “doesn’t call for 50bps.”
Unfortunately the market needs moar (40% odds priced in of a 50bps cut)…
And so stocks tumbled to show their disapproval
Don’t worry though, Bullard assures the American public that “he has no immediate concerns about asset bubbles” unlike Kaplan.
Treasury yields spiked…
As did the dollar…
Will The Fed fold even more?
via ZeroHedge News http://bit.ly/2ZMJZRq Tyler Durden