Bullard Says He Wouldn’t Have Backed 50 Basis Points This Week

Former Federal Reserve Bank of St. Louis President James Bullard, who is in the running to be the next chair of the US central bank, said that he wouldn’t have backed a 50 basis point interest-rate cut this week.

“I thought the Fed’s decision was a good one,” Bullard said Friday on Bloomberg Television. Asked if he would have voted for 50, he said, “No, I don’t think so.” He also said that “this looks like a sequence of three moves in a row through the end of the year.”