--'Think It Will Be a Good Day When We Make This First Move'
--'We're Talking About a Minuscule Move'
WASHINGTON (MNI) - St. Louis Federal Reserve Bank President James Bullard
Friday, in an interview on Bloomberg Television, generally dismissed the effect
on the liftoff timeline of the intense market volatility, questioning why the
strategy of a gradual normalization should be changed in view of what he sees as
solid and improving U.S. fundamentals.
Bullard, at Jackson Hole, Wyoming, for the annual Kansas City Fed retreat,
will be a Federal Open Market Committee voter next year.
"I'm not denying it is a volatile period," he said. "But let me say this,"
he continued. "U.S. fundamentals look good. Labor markets look good. We've got
strong reports on the economy.