Fed's Bullard tells it how it really is

Fed's Bullard was talking some sense when he explained that the U.S. economy can't just rely on monetary policy&other short-term boosts to economy.

At an economic address at the St. Louis Fed, Bullard explained that the key to a longer term recovery will not depend upon yet more fiscal policy, but emphasised how critical that a long term economic plan is to the U.S. economy to include tax and education reform that will help to revive growth, while more monetary or fiscal stimulus will only offer a short-term solution.