4/1, 2:03 PM (Source: TeleTrader)
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Fed's Bullard: Economy should skyrocket in Q4

President of the Federal Reserve Bank of St. Louis, James Bullard, estimated on Wednesday the United States economy will "boom" in the last quarter of the year.

Bullard claimed that all known virus outbreaks in history have been temporary, suggesting the country's economy will rebound once the COVID-19 pandemic decays.

Fed's Mary Daly recently shared a similar assessment, saying the economy will worsen before it bounces back after the coronavirus crisis ends.

Breaking the News / ND