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23 Jun 2017
Fed's Bullard: Possible Fed could announce b/sheet decision in September
St. Louis Fed President James Bullard is crossing the wires again, via Reuters, with the key quotes found below:
- Constant communication of steady rates hikes inappropriate given state of economy
- 2% inflation target has become an international standard, doubtful that would be changed
- Fed more likely to look seriously at nominal GDP targeting rather than raising inflation target
- Impact of fiscal, tax changes now not likely felt until late 2018 or into 2019