March 6, 2020
During an interview on “Bloomberg Daybreak: Americas,” St. Louis Fed President James Bullard discussed the FOMC’s reduction in the policy rate earlier this week and the downside risk to economic growth due to the new coronavirus.
“I think we correctly positioned the policy rate, given what we knew as of the Monday-Tuesday time frame,” he said. “We can meet at any time and move at any time in this kind of situation. So, I feel like we’re playing this exactly as we should,” he added.
Having trouble with the videos?