St. Louis Fed President James Bullard said in a CNBC interview that he doesn’t see much inflation in the economy. And, he went further saying that it’s not a situation where Fed has to be “pre-emptive”. And “if it was just me, I’d stand pat where we are and I’d try to react to data as it comes in.”
Regarding growth, he said “it’s going to be a good year, and part of that is fiscal stimulus”. However, the economy is “going to slow in 2019 and 2020” and “that’s the standard forecast that’s out there”.
Separately, Bullard told Bloomberg TV that Fed should not do anything that knowingly invert the yield curve. This sort of echoes comments of Atlanta Fed President Raphael Bostic.
