A few of the more interesting comments by StL...>

FED: A few of the more interesting comments by StL Fed Pres Bullard on CNBC:

- Q: Why haven't announced formal QE program? Have you thought about yield curve

control? A: Current environment not one where you have sensitivity to Fed rate

policy as you would in a normal environment, won't get back to that until H2

2020, at that point can discuss forward guidance.

- 13(3) programs 'exceptionally powerful', want to use those programs

effectively. The Fed has moved into the areas that make most sense for now, but

could do more.

- Some of these programs will be reversed after pandemic goes away, but Fed

going to have larger balance sheets than we did pre-2007. 

- "So far so good" on restoring market functioning through Fed's measures

- Unemployment rate could exceed 20%, "no reason why" can't drop to single

digits by year-end (says today's -20mln ADP numbers are no surprise)