St. Louis Federal Reserve President James Bullard explained his FOMC dissent in a press release this morning, and it was an eye-opener. I don’t see how you can read Bullard’s statement and not conclude that the primary consideration for scaling back asset purchases is the calendar. I think that the date, not the data, is […]
View the full post at: How Bad the Data Needs to be to Convince the Fed Not to Taper?