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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