2015-08-28reuters.com

``St. Louis Fed President James Bullard told Reuters that if the global financial market volatility continues until the central bank's policy meeting in mid-September, the policy-making Federal Open Market Committee would be hesitant to begin tightening policy. But Bullard said in the interview he still backs a rate hike next month since the global stock selloff has not been "so radical" to convince the Fed to change its policy pace.'' -- Basically this is a nothing remark; Bullard gives his own personal opinion, but it's clear he is acknowledging the Fed will be turmoil-sensitive in its final decision...



Comments: Be the first to add a comment

add a comment | go to forum thread