Bullard Says Expects This Will be 'Boom Year' For U.S. Economy

"WE ARE CAUTIOUS ABOUT PULLING BACK SUPPORT TOO SOON."

Or scared witless? Much easier to stay on the path of least resistance, isn't it!

Fed support is not needed by anyone with no stake in the rabid equity market. There is no liquidity crisis in the economy and there hasn't been in a while, perhaps not since the start of the pandemic at all. The (official) unemployment rate is basically at its baseline, non-recessionary level - 6%.

Hence, translation of that statement: "We want the bullish hysteria to continue (we really have no choice, trust us)".