Tags: fed | growth | bullard

Fed’s Bullard: US Growth May Accelerate to 3% This Year

Monday, 16 Apr 2012 05:42 PM

Federal Reserve Bank of St. Louis President James Bullard estimated U.S. economic growth will quicken from a range of 2.5 percent to 2.7 percent during the first quarter to 3 percent for the entire year.

The economy is “on track” and Fed “policy can stay on hold for now,” Bullard said to reporters after a speech in Logan, Utah. The central bank will probably need to tighten policy during the “last part of 2013,” he said.

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