ZeroHedge – Mr. “QE4” Tells Hilsenrath He Now Wants To “Get Going” With Rate Hikes Soon – 20 January 2015

ZeroHedgeHaving saved the world markets from a 10% correction fate worse than death (or recession) in October with ‘hints’ of reigniting QE4, The Fed’s Jim Bullard is back to his jawboning best. Blaming The ECB’s looming unconventional policy move for the global bond market rally (as opposed to collapsing growth and disinflation), Bullard proclaims the domestic US economy is doing well with tailwinds from low rates and oil prices (just don’t tell the 7,000 Baker Hughes workers this morning) and tells WSJ’s Jon Hilsenrath that he wants to “get going” with rate increases warning that the funds rate is 400bps below normal.

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