James Bullard: Fed action will throttle back the US economy
James Bullard, President of the Federal Reserve Bank of St. Louis, discusses the Federal Reserve's "planned temporary shutdown of the US economy" in response to the coronavirus crisis.
03:34 - Source: CNN Business
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President and CEO of the Federal Reserve Bank of St. Louis James Bullard speaks during an interview with AFP in Washington, DC, on August 6, 2019. - The Federal Reserve has set US interest rates "in the right neighborhood," but will watch how the economy reacts to factors like the trade war, James Bullard, a key member of the central bank policy board, told AFP on Tuesday. However, Bullard, president of St Louis Federal Reserve Bank, said the Fed "can't realistically move monetary policy in a tit-for-tat trade war." Still, policymakers have "already done quite a bit" to help the economy and account for the uncertainty surrounding President Donald Trump's trade wars. (Photo by Alastair Pike/AFP/Getty Images)
James Bullard: Fed action will throttle back the US economy
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