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Thread: Fed's Bullard wanted bigger rate cut because US manufacturing 'appears in recession'

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    Default Fed's Bullard wanted bigger rate cut because US manufacturing 'appears in recession'

    Fed President James Bullard is worried about an economic slowdown, and thinks the Federal Reserve should have cut rates by a bigger margin.

    Bullard was one of three monetary policy committee members who voted against a 25 basis-point reduction in rates at Wednesday’s Fed meeting, but the only official who thought the central bank should have been more aggressive.

    “There are signs that U.S. economic growth is expected to slow in the near horizon,” he said in a statement on Friday.

    https://www.foxbusiness.com/economy/...s-in-recession
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    evince (09-20-2019)

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    Do you agree?

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    Guno צְבִי (09-20-2019), LV426 (09-20-2019)

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    Quote Originally Posted by evince View Post
    the tax cuts have not worked
    "Tax Cut" should be as politically poisonous a phrase as "entitlement cuts".
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    evince (09-20-2019)

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    Quote Originally Posted by evince View Post
    and Deregulation should also a dirty word
    Yep.

    When I hear someone propose "tax cuts", my eyes glaze over and I feel the compulsion to facepalm. Not only are tax cuts pointless, but as a policy proposal they are also incredibly lazy.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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