Fed's Bullard: Even with optimism, it's too early to discuss changes in Fed's bond purchases
Comments from Bullard
- Asked about inflation risk like the 1970s, said the Fed had "very little credibility" then
- Rise in bond yields "a good sign so far"
- Unemployment rate should fall to 4.5% by year end
- Could see a lot of improvement in labor force participation on the basis of school reopening
Same old story from the Fed. The idea they have credibility on anything is pretty laughable.