5 replies to this topic

[jmicou]

http://www.bloomberg...uncertainty-era

[slupert]

http://www.bloomberg...uncertainty-era

When we had a normalization in 2004 to 2006 we moved at the same 25 basis points per meeting for 17 meetings in a row,” Bullard said. “I am virtually certain that was not optimal monetary policy. That was a very mechanical approach to increasing rates. This time I am hopeful we can be more flexible and reactive to data.”
Homeboy isn't expecting too much from this economy, is he?

[nimblebear]

and why would we listen to anything said from a Fed ?

[nimblebear]

http://www.bloomberg...uncertainty-era

When we had a normalization in 2004 to 2006 we moved at the same 25 basis points per meeting for 17 meetings in a row,” Bullard said. “I am virtually certain that was not optimal monetary policy. That was a very mechanical approach to increasing rates. This time I am hopeful we can be more flexible and reactive to data.”
Homeboy isn't expecting too much from this economy, is he?

So to sum it all up : clearly, by his own admission they DIDN'T know what they were doing back then, JUST as they don't know what they are doing now.

If they DID know what they were doing, would there be this much uncertainty ????

[jmicou]

What about the strong dollar?

[dasein]

Bullard is not the NYFed and his area has recovered very differently from the rest of the country I think Bullard became president of the regional bank in 2008. His district includes all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.