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Friday, March 24, 2017

Bullard: We don't need to be pre-emptive on interest rates

If you ask me, the March hike smelt of trying to play catch up.
  • Wouldn't have dissented against March hike
  • 3 hikes this year is potentially overkill
  • Sees a somewhat stronger USD if the Fed gets too aggressive
I disagree on that last point. If the Fed hikes too fast the market will think there's a problem and the buck will fall, not rise.     

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