Federal Reserve Bank of St. Louis President James Bullard was interviewed on the Fox News program “Sunday Morning Futures”.

He said:

  • “I think it’s right to set aside the first quarter and look forward from here”

Also:

  • He expected that the economy would grow at around 3% for the rest of the year
  • That unemployment would fall below 6% in the second half
  • Said that the Fed’s preferred measure of inflation could approach its 2% target by year-end

More at: Fed’s Bullard: Markets Right to Play Down Gloomy GDP Report