Steve Matthews

Government, Business

Fed’s Bullard Says ‘Full Recovery’ for US in Reach by Year End

James Bullard, president and CEO of the Federal Reserve of St. Louis, gestures during a conference in October 2019. James Bullard, president and CEO of the Federal Reserve of St. Louis, gestures during a conference in October 2019. (Luke MacGregor/Bloomberg News)

Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.

Steve Matthews | Bloomberg News
September 24, 2020