May 1, 2020 / 4:54 PM / a month ago

BRIEF-Fed's Bullard Warns Shutdown Could Lead To Lasting Economic Damage - WSJ Interview

May 1 (Reuters) -

* FED’S BULLARD WARNS SHUTDOWN COULD LEAD TO LASTING ECONOMIC DAMAGE - WSJ

* FED’S BULLARD SAYS TROUBLE IN ECONOMY “MOSTLY A SECOND QUARTER PHENOMENON, AND THEN WE’LL START TO RECOVER AND GET BACK TO NORMAL” IN H2 2020 - WSJ INTERVIEW

* FED’S BULLARD SAYS “THE SHUTDOWN POLICY IS A VERY BLUNT INSTRUMENT, IT’S A BLANKET POLICY, IT’S A ONE-SIZE-FITS-ALL TYPE OF POLICY”- WSJ

* BULLARD SAYS TOO MANY PROBLEMS WILL START TO ACCRUE IF U.S. ECONOMY IS PAUSED FOR TOO LONG; BANKRUPTCIES, BUSINESS FAILURES WILL RISE - WSJ INTERVIEW

* FED'S BULLARD SAYS EVENTUALLY A "FAR MORE GRANULAR, FAR MORE RISK-BASED" APPROACH TO OPERATING THE ECONOMY WOULD BE NEEDED - WSJ Source text : on.wsj.com/3fbQwxh

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