Fed's Bullard (dove, FOMC non-voter in 2014): Still expect to see taper continue given positive economic outlook; would need significant worsening in the economy to justify any pause in the taper program - press interview
- Any additional fall in inflation would place pressures on the Fed to take action
- Sees unemployment at 6% by Q4, 2014 GDP at 3%, and inflation moving back to 2% trend
- Fall in the participation rate was largely due to demographics and somewhat benign
- Sees unemployment at 6% by Q4, 2014 GDP at 3%, and inflation moving back to 2% trend
- Fall in the participation rate was largely due to demographics and somewhat benign