7 Aug 2017
Fed's Bullard: Trend of 2% U.S. economic growth appears to be intact
St. Louis Fed President James Bullard recently crossed the wires, via Reuters, arguing that the trend of 2% economic growth in the U.S. appears to be intact.
Key quotes (via Reuters):
- U.S. central bank's current policy rate likely to remain appropriate over near term
- Recent labor market outcomes have been relatively good
- Recent inflation outcomes have been unexpectedly low
- Upward push on inflation likely to be small even if unemployment rate falls substantially