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Thursday, February 25, 2016

Bullard favours jobs over GDP data

  • When jobs and GDP data differs, go with jobs
  • Inflation may return to 2% but expectations are a concern
  • Eroding CPI expectations hurt Europe and Japan and it's something the US should fight to avoid
  • Rise in US CPI is good news for the Fed's narrative
  • US likely to have better GDP in 2016 than 2015
  • Will reserve his judgment on next interest rate decision

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