Federal Reserve Chair candidate Bullard: Does not support a 50 basis point rate cut this week
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Federal Reserve Chairman candidate James Bullard stated that he does not support the proposal to cut interest rates by 50 basis points this week and believes that the Federal Reserve's decision to lower rates is correct. He expects three consecutive rate cuts before the end of the year and considers a 75 basis point cut to be a significant move, but the Federal Reserve still has room for choice. Bullard also mentioned that the large purchases of mortgage-backed securities in the spring of 2020 may have been a mistake
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