<p>Bullard is speaking on a virtual panel. I'll update the comments as he makes them.</p><ul><li>US households still remain flush, should support consumption</li><li>Looks like we have above-trend growth in Q4</li><li>Better global prospects than just a few weeks ago</li><li>It's hard to see how unemployment is going to go up, the labor market is strong</li><li>We need to avoid a repeat of the 1970s, must maintain rates at high enough levels to make sure <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">inflation</a> moves down</li><li>Something north of 5% is the lowest level the Fed could use to credibly restrict inflation</li></ul><p>Sounds like he's upbeat on the chances of a soft landing or avoiding a recession this year.</p>
This article was written by Adam Button at www.forexlive.com.
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