Worried about global turmoil and low inflation – Fed’s Bullard

FXStreet (Mumbai) - St. Louis Fed President James Bullard, who's not a voting member on the central bank's policy committee this year expressed concerns regarding the global turmoil and low inflation.

Bullard added that he expects more improvement in the job market and sees the unemployment rate below 4.5%. The policymaker said the direct impact of the turmoil in the World’s second largest economy on the US is pretty small.

Bullard also sounded upbeat on the Eurozone economy by stating that growth prospects have improved.