9/25/2019, 9:40 PM (Source: TeleTrader)
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Bullard calls for another rate cut

The Federal Open Market Committee should cut interest rates in the United States by another 25 basis points, Federal Reserve Bank of St. Louis President James Bullard said on Wednesday.

The central banker added that the trade war with China has become "more pernicious than originally thought." He pointed out that some time may be needed before a trade deal is reached with Beijing.

Asked about the impeachment inquiry linked to President Donald Trump's call with his Ukrainian counterpart, Bullard noted that it is not different from any other political uncertainty and that the US Federal Reserve is used to dealing with uncertainties of this kind.

Breaking the News / VP