Sense & Nonsence

Unfortunately, “nonsense” “gallops ahead”!

Fed’s Bullard Upbeat on Economy, Sees No Need for New Stimulus (Nov 14)

Fed’s Bullard Still Wants Fed Rate Rise in Late First Quarter 2015 (Nov 14)

Fed’s Bullard Still Pushes for First Quarter Rate Rise (Jan 15)

Fed’s Bullard Eager to Raise Rates Soon (Jan 15)

Fed’s Bullard Shrugs Off Inflation Expectations Drop, Favors Rate Rises (Feb 15)

Fed’s Bullard: Delaying Interest-Rate Increase Much Longer Creates Risk (Feb 15)

Bullard: Now May Be Good Time to Start Raising Rates (Mar 15)

Bullard “delirates”:

May 28, 2015 01:03 p.m.

The Federal Reserve should consider new policy options, including directly targeting a non-inflation-adjusted level of economic growth, after more than six years of sustained monetary easing failed to spur a boom, Federal Reserve Bank of St. Louis President James Bullard said.

Bullard not “in a hurry” any longer:

June 3, 2015 05:15 p.m.

It is appropriate to think the Federal Reserve won’t raise interest rates at its June policy meeting following a recent run of weak economic data, Federal Reserve Bank of St. Louis President James Bullard said Wednesday.

But, the “old Bullard” comes back as “Orphanides”:

Mr. Bullard spoke with reporters before Athanasios Orphanides, former head of the Cyprus central bank and an ex-Fed economist, delivered the St. Louis Fed’s annual Homer Jones Memorial Lecture. Mr. Orphanides told reporters he isquite concerned that the Fed is way behind the curve already” in terms of tightening policy.

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