Eric Rosengren: Rate Cuts Risk ‘Further Inflating The Prices Of Risky Assets’

Eric Rosengren: Rate Cuts Risk ‘Further Inflating The Prices Of Risky Assets’

Early Friday, Jim Bullard released a short blog post explaining why he argued for a 50bp rate cut at the September Fed meeting. He was one of three dissents. The other two dissenters were, of course, Esther George and Eric Rosengren, who both thought the Fed should stay on hold. They dissented in the July rate cut as well. Read more: Jim Bullard Explains Why He Wanted A Big League Rate Cut Shortly after Bullard explained his rationale for wanting more easing, Rosengren explained, in very sim
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