Bullard's forecasts among most optimistic at Fed

|By:, SA News Editor

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.

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