St Louis Fed Pres Bullard`s on CNBC Squawk......>

FED: St Louis Fed Pres Bullard`s on CNBC Squawk Box... dismisses Coronavirus

fears saying that it is unlikely it will get much worse. Similarly dismisses

2020 election risks, saying it doesn't impact Fed's thinking much.

- Says that market expectations that the Fed will cut are likely to return to

`on hold` expectations. The Fed doesn`t have to lower rates, he says. While has

some concerns over yield curve, notes 2s10s not inverted.

- (We would note that Fed Vice Chair Clarida yesterday also dismissed market

expectations of a Fed cut this year, citing surveys showing `hold` instead.)

- On what he calls 'not QE', Bullard says it was the Fed's rate cuts and not

buying bills that has made the equity market impact.

- Bullard's on for the rest of the hour on CNBC at the host's desk...