Feds Bullard is back. Baseline is that further stimulus will be approved

Holds a webinar on the US economy

Fed's Bullard - who has been more constructive on the US economy of late - is conducting a webinar on the US economy and is now answering questions:

• should get resources to households hit hard by virus
• baseline is that further stimulus will be approved to help more targeted group of people
• change in TIPS yields show market faith and Fed hitting inflation target
• almost all of US GDP can be produced even with coronavirus circulating
• low take-up of Fed facilities not a measure of success
• Fed liquidity facilities are working as planned

....more as it comes in