Fed Officials Explain Dissents From Rate Cut
Wall Street Journal, Sept. 20, 2019–Paul Kiernan, Michael S. Derby (subscription)
James Bullard, president of the Federal Reserve Bank of St. Louis, said Friday he wanted a bigger rate cut than the quarter percentage-point move the central bank delivered. In a separate statement, Boston Fed leader Eric Rosengren said lower rates are unwarranted now and could bring on financial instability.
