St. Louis Federal Reserve President James Bullard was one of three voting members of the Federal Open Market Committee that voted against the Fed's quarter-point rate cut on Wednesday, preferring a more substantial rate cut than his colleagues.
Bullard explained his preference for a 50 basis point rate cut in a statement on Friday, citing signs that U.S. economic growth is expected to slow in the near horizon.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.