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  • Bullard Says Expects This Will be 'Boom Year' For U.S. Economy

    *Bullard Says Expects This Will be 'Boom Year' For U.S. Economy

    *Bullard Says Expects Pandemic to End Soon But Hasn't Happened Yet

    *Bullard: Fed Support Needed Until Greater Clarity On Economy Arrives

    — *Walter Bloomberg (@DeItaone) April 8, 2021
Added at 11:37am
  • FED'S BULLARD: WE ARE CAUTIOUS ABOUT PULLING BACK SUPPORT TOO SOON.

    — Breaking News | FinancialJuice (@Financialjuice1) April 8, 2021
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  • Apr 8, 2021 12:27pm Apr 8, 2021 12:27pm
  •  DaJoWaBa
  • Joined Sep 2018 | Status: Member | 440 Comments
"WE ARE CAUTIOUS ABOUT PULLING BACK SUPPORT TOO SOON."

Or scared witless? Much easier to stay on the path of least resistance, isn't it!
 
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  • Apr 8, 2021 5:08pm Apr 8, 2021 5:08pm
  •  Subdude
  • | Joined Aug 2007 | Status: If it walks like a duck... | 537 Comments
Fed support is not needed by anyone with no stake in the rabid equity market. There is no liquidity crisis in the economy and there hasn't been in a while, perhaps not since the start of the pandemic at all. The (official) unemployment rate is basically at its baseline, non-recessionary level - 6%.

Hence, translation of that statement: "We want the bullish hysteria to continue (we really have no choice, trust us)".
 
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  • Posted: Apr 8, 2021 11:31am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 2  /  Views: 999
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