BlockBeats News, September 23rd, Federal Reserve’s Bullard stated that he believes the Fed’s policy is modestly restrictive. The neutral interest rate is 100-125 basis points below the current rate. However, at the moment, he personally has not considered a 50 basis point rate cut. He believes caution is needed when taking aggressive measures. If moving in a direction to restore the inflation rate to the target level, the rate could be lowered. Ultimately, the Fed rate may settle around 3%, and the inflation rate will fall to 2%. (FxStreet)
