Economics
Fed’s Bullard Says Don’t Put Much Weight on March Meeting Cut
- St. Louis Fed chief says emergency cut moved up call
- Bullard says unlikely to have more information by meeting
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Federal Reserve Bank of St. Louis President James Bullard said markets are wrong to assume that the central bank will cut rates again at the policy meeting in two weeks because it’s unlikely officials will know much more by then about how the coronavirus is affecting the outlook.
“I think we have got the policy rate at the right place for now,” Bullard said in an interview with Bloomberg TV’s Kathleen Hays from St. Louis.