St. Louis Fed President James Bullard said yesterday that right now “it is looking good” as “we are coming to the end of the war here” with the pandemic. He forecast US GDP to grow 6.5% this year, while unemployment rate will fall to 4.5%. He also expects inflation to climb to 2.5%.
But, “I’d like to see actual data come in that verifies this forecast and verifies the idea that it’s going to be a very strong year for the U.S. economy,” he added. “We are still in a crisis. It could go the wrong way. So we really want to get the pandemic behind us before we start contemplating changes.”
‘I am continuing to see us near zero (on interest rate) through 2023,” Bullard said.
