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Fed's Bullard Slams Recovery Narrative, Confirms Fed Top-Ticked Economy; Hints At Fed Policy Error

Back in 2014, just as the market was plunging, St Louis Fed's Bullard stopped the bleeding when in a Bloomberg interview said that a "logical response" to the tumbling market, would be to "delay the end of QE" and strongly suggested ed that "QE4" would be considered to prevent further market losses. The S&P exploded. Well, this morning the Fed's nonvoting converted permadove (Bullard used to be the most hawkish Fed member until his unexpected conversion in 2014), is back and in prepared

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