Fed's Bullard: The economy as a whole has adapted very well

Fed's Bullard on the economy and monetary policy

• Pandemic pretty serious as a cause of death
• Monetary policy has been exceptionally effective
• The economy as a whole has adapted very well
• Need to manage current wave of infection's carefully
• Hope to get better read on inflation in 2021
• GDP will be down about 2.5% this year
• Fiscal package designed for bigger shock than what occurred