St Louis Fed President James Bullard said there’s not much of an “imperative” about a new fiscal package now.”It seems like, at least in some broad macroeconomic type of calculation, we have enough resources to cover this,” he said in a Bloomberg interview.
“We might be able to sustain a recovery through this,” he said. “I’m hopeful we still have enough in the pipeline to push us through, get the growth going in the second half of the year. That certainly seems to be what’s happening in the third quarter. I think that will continue in the fourth quarter and the first part of next year.”