August 29, 2011
JACKSON HOLE, Wyo. — Economic conditions are not at the point now where the Federal Reserve should ease monetary policy further, James Bullard, the president of the St. Louis Fed, told MarketWatch in an interview. on Saturday.
Bullard said he was not convinced that the economy would suffer in coming quarters, as many leading economists are predicting.
“I think there are good reasons to be optimistic even though when you look around these days there is a lot of gloom and doom,” Bullard said.