Fed's Bullard Says Markets Should Focus on Quantitative Easing

Ladies and Gents, Bullard is speaking his mind about the U.S. dollar....be prepared to hear what he has to say.....

St. Louis Fed President James Bullard (voter) had some comments today that have weighed on the U.S. dollar. Speaking in Shanghai, China, he said the market should focus on quantitative policy not interest rates. The market focus on interest rates is "disappointing", he said and added that that G7 rates may remain low for some time. In the future, he says monetary policy should put more weight on asset prices but that "better analysis" is needed on the asset price issue. He also said that the Fed's liquidityot" an inflationary concern. The comments are very dovish and are putting pressure on the USD and that should continue..