Fed's Bullard: global trade narrative has darkened

Fed's Bullard has been taking questions in a Q&A session and has said that he does not want to prejudge the outcome of the June Fed meeting, but notes global trade narrative has darkened.

Key comments:

• Yield curve and inflation expectations are sending the signal that current policy is too tight.
• Recent visit to hong kong left me more pessimistic that a trade deal with china will get done soon.
• Expects trade uncertainty to last for the foreseeable future.