Unfortunately, “nonsense” “gallops ahead”!
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 is “quite concerned that the Fed is way behind the curve already” in terms of tightening policy.