Comments from Bullard on MNI:
– Warns that wealth-to-income ratio back to pre-crisis peaks
– Backs gradual rate hike path now but fears financial instability
Bullard is a hawk so these comments shouldn’t be a surprise. But the thing about Bullard is that if the S&P 500 fell 60 points between now and the September meeting, he’d be the first one to argue for keeping rates at zero.
