Keith Underwood No Comments

Bullard: The loose cannon at the FED

In an interview today on CNBC, St. Louis Fed President James Bullard gave dollar bulls ammunition that has dramatically moved the US dollar higher in today’s trading. In addition to opining that the word “patient” should come out of the policy statement in March, he also debunked US multinational companies who have warned about the strong dollar hurting earnings by saying “We’ve grown at these dollar levels before. I don’t see why we can’t do it now”. He further states that the dollar effects on the overall economy are marginal.

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