Fed tooled up for ‘ordinary recession’, eyeing new repo ops: Bullard

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Reuters/Marc Jones and Dhara Ranasinghe/10-15-2019

“I’m not expecting any of this to go away in the years ahead.” – James Bullard, President,  St. Louis Federal Reserve Bank

USAGOLD note:  A candid assessment of the trade situation from an important voting member of the FOMC. . . . . . Seen as an interest-rate dove,Bullard argued for a half-point cut at the last meeting of the committee.