Photo: St. Louis Fed
Even folks who don’t watch CNBC may be tempted to tune in this morning from 7:00-800 AM ET to catch St. Louis Fed President James Bullard hold forth on monetary.As you obviously know by know, Bullard threw a hand grenade at the monetary policy establishment yesterday, with his advocacy of mega-QE, and warnings of a Japan-style lost decade.
The interesting thing about this is that Bullard, up until now, has been considered your standard, inflation-hatin’ hawk.
Something obviously caused him to flip.
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