The latest from Bullard
Bullard is such an enigma. He changes his mind constantly but will argue ridiculous positions from time to time.
On the Phillips Curve, he's got the right idea. Central bankers have been wrong for a long time and it's time for a rethink of everything.
Update (Bullard agrees):
- Central banks globally are rethinking monetary policy
- Global-event impacts on US are being overemphasized
- Timing of Fed balance sheet normalization is a bit in flux
