Bullard: US economy may be within reach of full recovery by year-end

Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the Covid-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end. Rapid expansion in gross domestic product in the third quarter “may put the U.S. economy within reach of a sort of ‘full recovery’ by the end of 2020,” Bullard, who doesn’t vote on monetary policy this year, said in comments prepared for a virtual presentation to the Global Interdependence Center Thursday. Nick Note: I told you a long time they will not lose the system. And at the present they got a lot of blue chips to put in the pot. Knowing this I new hos i wanted to positions us. Call it another lucky guess……..