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Fed's Bullard: Possible Fed could announce b/sheet decision in September

St. Louis Fed President James Bullard is crossing the wires again, via Reuters, with the key quotes found below:

  • Constant communication of steady rates hikes inappropriate given state of economy
  • 2% inflation target has become an international standard, doubtful that would be changed
  • Fed more likely to look seriously at nominal GDP targeting rather than raising inflation target
  • Impact of fiscal, tax changes now not likely felt until late 2018 or into 2019

Fed's Mester: US Mon. policy cannot address income inequality, effects of globalization

Speaking at a Fed-sponsored event, Cleveland Fed President Loretta Mester said: "While monetary policy cannot address issues such as income inequality
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US New Home Sales: Solid rebound in May - Wells Fargo

According to analysts from Wells Fargo, today’s US New Home Sales report was fairly strong and fairly clean...
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