Fed member says rate cut is needed as trade war insurance

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  • Published on Jul 18, 2019
  • The market widely expects the Federal Reserve to cut interest rates at its next meeting on July 31. But that's a month too late, according to St. Louis Federal Reserve president James Bullard.
    Bullard, speaking in an exclusive interview with CNN's Julia Chatterley on the First Move show Thursday, said the Fed should cut rates now and do so one more time later this year -- mainly due to worries that a trade war with China, Europe and other parts of the world could hurt the US economy.
    "Trade uncertainty used to be relatively low. This used to be an issue that was on the back burner," Bullard said. "The president moved it to the front burner. Now I think trade uncertainty is high and I don't see that declining anytime soon."
    Read more here: www.cnn.com/2019/07/18/investing/james-bullard-st-louis-fed/index.html
    #Bullard #FederalReserve #CNNBusiness

Comments • 8

  • Ra_gigi
    Ra_gigi 4 months ago

    They want savers to put their money into the wall street casino.

  • Jamie Kloer
    Jamie Kloer 4 months ago

    More free money it will work. Unfair trade and cheap money it will work. The price of my home, my education, and my healthcare keeps going up. But there is no inflation. The cups at the dollar store are 50 cents. So glad they have it all figured out.

  • Stinz Maynard
    Stinz Maynard 4 months ago

    Cut rates first time in over in over a decade? Did we forget the Obama years!?

  • River Allen
    River Allen 4 months ago

    She is sexy

  • Nicool333
    Nicool333 4 months ago +1

    This is the stupidest idea in quite some time. These guys don't learn from history. Rate cuts during economic expansion is idiocy.

    • Stinz Maynard
      Stinz Maynard 4 months ago +1

      The only thing expanding is your propaganda intake

    • J K
      J K 4 months ago

      US interest payment is $389 billion in fiscal year 2019 and adding one trillion dollar in debt a year. What would the interest payment be if interest rate increases to 10% by 2025? Who would even buy US debt at that time, Einstein?

  • Rohan Thatte
    Rohan Thatte 4 months ago

    First?