President Bullard Speaks with CNBC, Part 1: U.S. Economic Outlook

June 30, 2017

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In London, St. Louis Fed President James Bullard shared his views on the outlook for the U.S. economy and monetary policy, potential regulatory relief for smaller banks, monetary policy in Europe, and the relationship between unemployment and inflation. He spoke Friday during an interview on CNBC’s Squawk Box Europe.

He said that, in his view, U.S. real GDP growth is going to remain around 2 percent and inflation is going to remain low. Therefore, the current policy rate is either at or close to the appropriate level for the U.S. economy.

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