US Fed talking head Bullard still, er, talking 26 May 2016
Bullard in "still talking " shock news. Not
- doesn't want to guess on how many rate hikes in 2016
- markets read the latest FOMC Minutes correctly
- remains worried that low rates could feed asset bubbles in US
- risk only moderate that we are in an asset bubble. May rise later
- full payroll report will be relevant
And on the recent reports that China has questioned them on hike timings he says:
- China asking is part of the normal give and take
- sees no problems with China asking about Fed's plans
Bullard puts his hands up to the fact that he talks, a bit.