Fed's Bullard: I think it would have been better for the Fed to have done 50 bps - CNBC

Richmond Federal Reserve Bullard president, a voting member on the FOMC in 2019, has been interviewed on CNBC and came with the following statements:

• Chinese might have the incentive to wait out this administration.
• It might take a while to reach an agreement on trade.
• If look at labour markets and consumption you would think this is a great economy.
• US yields are influenced by global yields.
• The shape of the yield curve is sending a signal that markets are worried about future growth and future inflation.
• The Fed has room to manoeuvre here. 
• Sees another 25 basis points before the end of the year.
• We will see how the data comes in.
• I think we have more to go on rates.
• Fed policy is about risk management.
• The prudent thing to do now with inflation down and downside risks are to lower the policy rate and if the economy powers through, the Fed could then raise rates. 
• Global trade is the biggest issue.