Fed's Bullard: Trend of 2% U.S. economic growth appears to be intact

St. Louis Fed President James Bullard recently crossed the wires, via Reuters, arguing that the trend of 2% economic growth in the U.S. appears to be intact.

Key quotes (via Reuters):

  • U.S. central bank's current policy rate likely to remain appropriate over near term
  • Recent labor market outcomes have been relatively good
  • Recent inflation outcomes have been unexpectedly low
  • Upward push on inflation likely to be small even if unemployment rate falls substantially

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