St Louis Fed head Bullard back on the wires 17 June 2016

  • maybe even more than 30 months

Oh no, Bully the Bore is going to give my typing fingers a real end of session test!

  • economy may have slipped into slow-growth mode where appropriate Fed policy rate is 0.63% over a 30 month period
  • barring unexpected shocks GDP growth at around 2%, unemployment of around 4.7% and inflation likely to anchor at 2% will persist in foreseeable future
  • events like a jump in productivity or recession would push economy out of current regime.

Curreny pairs suitably unfazed but GBPUSD has rallied again to 1.4263 after EURGBP stopped right on the 0.7910 level I highlighted earlier and now 0.7891.

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