Fed's Bullard speaks in online interview with Wall Street Journal

  • outlook for 2021 seems very strong and above trend
  • sees US GDP shrinking around -2.5% last year
  • inflation looks set to move a somewhat higher
  • sees unemployment dropping below 5% this year
  • too soon to make judgment on timing upon buying shift
  • his base cases for a good economy in 2021
  • asked about bond tapering, says 'not close' yet
  • calls recent rising 10 year yields 'encouraging sign'

Bullard has been more positive about the economy of late. He is a nonvoting member in 2021