A stock market hitting record highs in a pandemic might seem out of touch, but St. Louis Federal Reserve President James Bullard says Wall Street ...
A stock market hitting record highs in a pandemic might seem out of touch, but St. Louis Federal Reserve President James Bullard says Wall Street has got it right and he expects the United States to do better than many forecasters anticipate as businesses and households learn to manage coronavirus risks.
"There is a lot of ability to mitigate and proceed and most of the data has surprised to the upside...So I think we are going to do somewhat better," Bullard said in an interview with Reuters."I expect more businesses to be able to operate and more of the economy to be able to run...successfully in the second half of 2020."
"At least for now expectations are that the Fed will stay where we are for a very long time," Bullard said."The idea that you want to stimulate things presupposes that the virus has gone away.
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