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FED: Two Former Regional Fed Presidents In 25bp Cut Camp

FED
USGlobalEM BulletFixed Income BulletsCentral Bank NewsFederal ReserveBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America

Speaking on CNBC, two former regional Fed Presidents have lent support to the argument for the Fed to cut by 25bps starting today, both of whom tended to be at the more hawkish end of the FOMC in their tenures. 

  • Former St Louis Fed’s Bullard said the Fed should cut by 25bps today and signal 25 at subsequent with the case for a 50bp cut being overblown.
  • “Lots of things looking pretty good about the economy so I just don’t think it’s the kind of situation where you have to go 50,”
  • He’s been followed more recently by former Cleveland Fed’s Mester as seeing a good case for doing a series of 25bp cuts, but acknowledging it as being a really close call. 
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Speaking on CNBC, two former regional Fed Presidents have lent support to the argument for the Fed to cut by 25bps starting today, both of whom tended to be at the more hawkish end of the FOMC in their tenures. 

  • Former St Louis Fed’s Bullard said the Fed should cut by 25bps today and signal 25 at subsequent with the case for a 50bp cut being overblown.
  • “Lots of things looking pretty good about the economy so I just don’t think it’s the kind of situation where you have to go 50,”
  • He’s been followed more recently by former Cleveland Fed’s Mester as seeing a good case for doing a series of 25bp cuts, but acknowledging it as being a really close call.