Warsh Presser ‘A Little Bit Rocky,’ Says James Bullard

James Bullard, former president of the Federal Reserve Bank of St. Louis, described the market reaction to Federal Reserve Chairman Kevin Warsh's press conference on Wednesday as difficult for a central banker to watch. Bullard stated that Warsh should have provided more policy flexibility for September and that markets responded negatively to the outcome. The 30-Year US Treasury showed notable movement following Warsh's remarks.

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