Fed's Bullard: US economy pretty good, not much faster inflation

More from Bullard on CNBC

• China's potential growth is slowing
• China has a longer term issue of ageing population
• Says he thinks there will be a US-China deal

Sometimes I get the sense that economists don't realize how much the rise of China has helped growth in the US and the S&P 500. If you wiped China off the map, the US would be a much smaller economy and would have struggled to exit the crisis.