Fed’s Bullard: rate cuts, shift in tone made policy ‘considerable more accommodative’

Federal Reserve Bullard has ben crossing the wires and said that he is not expecting trade issues to be resolved with forecast horizon.

Key comments:

• Rate cuts, shift in tone made policy ‘considerable more accommodative’.
• Not seeing intensification of yield curve; possibly due top mkt expectations on further rate cuts.
• Not expecting trade issues to be resolved with forecast horizon.