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Bullard's forecasts among most optimistic at Fed

  • Most obstacles to faster growth are dissipating, says the St. Louis Fed's Jim Bullard, expecting 3.2% GDP growth this year, among the highest of the Fed forecasts. He sees unemployment dipping to 6.2% by year's end - the most optimistic of Fed forecasts - and inflation edging up to 1.6%.
  • He notes inflation surprised to the downside in 2013 - he saw it at 2%, but it ended up close to 1% - and calls the CPI the "wildcard" for the FOMC this year.
  • Previous: Bill Gross says keep an eye on inflation, not jobs, for Fed signals.
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