Even folks who don't watch CNBC may be tempted to tune in this morning from 7:00-800 AM ET to catch St. Louis Fed President James Bullard hold forth on monetary.
As you obviously know by know, Bullard threw a hand grenade at the monetary policy establishment yesterday, with his advocacy of mega-QE, and warnings of a Japan-style lost decade.
The interesting thing about this is that Bullard, up until now, has been considered your standard, inflation-hatin' hawk.
Something obviously caused him to flip.
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See Also:
- Is James Bullard Trying To Embarrass Ben Bernanke Into Becoming A Dove
- Fed's Bullard: It Is Time To Start Talking About More Quantitative Easing To Stop Deflation
- Why Didn't Stocks Go Up On The Big Bullard Paper?
Full story at http://feedproxy.google.com/~r/businessinsider/~3/poXyCKPYRG0/james-bullard-cnbc-2010-7
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