Fed's Bullard Sees 'Robust Debate' Over Half-Point Cut

The transcript covers a discussion with Jim Bullard on the current economic situation, focusing on rate cuts, market expectations, and historical comparisons to the 90s crises. It explores the role of monetary policy in addressing global trade wars and economic slowdowns, with insights from CEOs on market reactions. The conversation also touches on inflation concerns and the need for a balanced fiscal policy.

What was Jim Bullard's stance on rate cuts during the discussion?

• He wanted to increase rates.

• He called for a 25 basis point cut.

• He supported a 50 basis point cut.

• He advocated for no rate cuts.

How did the Fed respond to the Asian currency crisis in the 90s?

• By increasing interest rates by 75 basis points.

• By lowering the policy rate by 75 basis points.

• By maintaining the current interest rates.

• By implementing a new fiscal policy.

What is one of the main concerns regarding the global trade war?

• It will definitely resolve soon.

• It may trigger other countries to reevaluate trade relationships.

• It could cause a cost of credit issue.

• It might lead to a demand problem in the US.

What is the impact of trade wars on the manufacturing sector according to CEOs?

• They are experiencing a boom in production.

• They are scrambling to reorient supply chains.

• They are focusing solely on domestic markets.

• They are unaffected by trade wars.

What is the current state of the consumer goods sector?

• It is struggling due to low demand.

• It is performing well with strong sales.

• It is unaffected by economic changes.

• It is declining due to high unemployment.

What is the Fed's concern regarding inflation expectations?

• They are irrelevant to current policy.

• They are stable and require no action.

• They have slipped and are too low.

• They are too high and need to be lowered.

What is the perceived probability of a trade deal with China according to Wall Street?

• 10% probability of a deal.

• 90% probability of a deal soon.

• 50% probability of a deal.

• 90% probability of no deal anytime soon.