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Fed's Bullard: I forecast a 6.5% expansion in the US economy in 2021
FED'S BULLARD: I FORECAST A 6.5% EXPANSION IN THE US ECONOMY IN 2021.
— Breaking Market News (@financialjuice) April 12, 2021
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Fed's Bullard:
— DailyFX Team Live (@DailyFXTeam) April 12, 2021
- Sees US growth at 6.5% in 2021
- Base effects in inflation will make numbers hard to interpret
- We remain in a period of uncertainty about inflation and will not know for sure until the dust has settled later this year#Fed $USD
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- Pandemic has not yet come to a close in the US
— DailyFX Team Live (@DailyFXTeam) April 12, 2021
- Still too early to talk about changing monetary policy
- Want to maintain easy policy while we're still in the pandemic
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FED'S BULLARD: I AM MOTIVATED BY THE RISE IN PRICE EXPECTATIONS IN THE TREASURY INFLATION-PROTECTED SECURITY (TIPS) MARKET.
— Breaking Market News (@financialjuice) April 12, 2021
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- Hopeful that the economy can switch to high-productivity growth after the pandemic
— DailyFX Team Live (@DailyFXTeam) April 12, 2021
- Appetite for holding liquid government debts is insatiable and this trend does not look to be reversing