WSJ interview with St Louis Fed's James.........>

FED: WSJ interview with St Louis Fed's James Bullard conducted on Jul 11 was

published just now. Key quotes: re 50bps cut: "I guess I would listen to

arguments along that line, but at least sitting here today, I just don't think

the situation really calls for that aggressive of a move" 

- 25bps "would push us in the right direction and we can wait and see how things

develop going forward."

- "I would have preferred to just go ahead at the last meeting, and then we

would have gotten out of this argument about whether we're going to do 50 basis

points at the meeting and we would have been able to come into the July meeting

and ask if more was needed or not," Mr. Bullard said.