Fed's Bullard: Downside risks remain substantial

Comments from the St Louis Fed President:

  • Sees room for US unemployment to improve substantially
  • Monetary and fiscal policy have been very effective
  • Execution of risk-based health policy critical

Bullard said he's worried by the recent rise in infections but said the US labor market is 48-50 months ahead of where it was following the 2007-09 recession.

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