Fed’s Bullard Says Volatility Won’t Change Economic Outlook
(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard talks about the outlook for monetary policy, the U.S. economy and inflation. Bullard also discusses recent market volatility and the Chinese economy. He speaks from Jackson Hole, Wyoming, with Brendan Greeley, Michael McKee and Tom Keene on Bloomberg Television's "Surveillance." (Source: Bloomberg)
St. Louis Federal Reserve President James Bullard said that while world financial markets are volatile, U.S. fundamentals are good and the interest rate-setting Federal Open Market Committee shouldn’t alter its forecast for the economy.
“The key question for the committee is -- how much would you want to change the outlook based on the volatility that we’ve seen over the last 10 days, and I think the answer to that is going to be: not very much,” Bullard told Bloomberg Television in an interview Friday at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming.