NEW YORK PRUDENT MANAGEMENT Form

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st. Louis Fed President James Bullard revealing why he opposed this week's FOMC decision after the central bank cut interest rates by 25 basis points Bullard writing in a blog post today saying quote it is prudent risk management in my view to cut the policy rate aggressively now and then later increase it should the downside risks not materialize Bullard wanted a 50 basis point cut while the other two dissenters actually wanted to have rates remain unchanged in Carlton it's it's interesting too though because this was the most dissent share panel has seen since he's been appointed to that position it really is amazing because you know usually you would see Esther George you know she's a usual hawk you're used to seeing her dissent but I mean not only in the decision that came out this week but also in you know the dot plot and the projections for where rates are going to be going this year I mean a ton of divergence there you know some you know voting members really want to weigh in o