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FED: RTRS running some comments from 2019 Fed Voter Bullard who has revealed
that he was approached by the Trump administration in recent months re: the
possibility of assuming a seat on the Fed's board of Governors, Bullard noted
that is happy in his current role.
- On rates he noted that "part of his preference for a rate reduction in June
was tactical" and that he "would prefer to move rather than promise a move in
the future." Bullard also stated that he believes that "two rate reductions by
end of year would ensure a soft landing for the economy" and move the Fed's
monetary policy stance from slightly restrictive to slightly accommodative.