St. Louis Federal Reserve President James Bullard remains optimistic besides COVID-19 cases.
In a CNBC interview, Bullard stated that the fatalisties will go well down and we ill get the disease under control.
Key comments
- By the end of the year, we can get unemployment below 8%.
- Says he believes masks will be ubiquitous, fatalities will go way down, will get disease under control.
- Says this shock is nothing like previous postwar shocks; thinks most people can get recalled to jobs in next 90 days.
- Says there is downside risk to his base case outlook.
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