Fed's Bullard: It would be reasonable to start cutting rates by 50 baz puan, with a large amount of rate cuts in the next 12 months.

Odaily planet news, Fed’s Gülsebi said it was reasonable to start cutting interest rates by 50 basis points, and the Fed is returning to normal dual mission mode. The current interest rate level is hundreds of basis points higher than the neutral interest rate. Before the recent rate cut, the decline in inflation meant that the Fed had been tightening policy. If the situation continues, there will be a large number of rate cuts in the next 12 months, and there is still a long way to go to bring the interest rate close to the neutral level. (Jinshi)