Fed’s Bullard (non-voter): Gamestop is a spectacular example of speculation, but not an issue for monetary policy
- Recovery already looks strong without further fiscal spending
- Asset prices are not way out of bonds when compared to pre-pandemic levels of a year ago
- If we play are cards right Fed might be able to move inflation above target during post pandemic boom
- Will look for leadership form Chair Powell about when to start QE tapering discussion; too early to start in midst of pandemic