Bullard argues that the US has made substantial progress in getting virus under control and that the US daily fatalities per million have fallen to levels similar to accidental injury.

His base case is for no second wave of virus, in terms of daily rate of fatalities.

Bullard says people at risk are taking precautions and businesses are mitigating risks.

He argues that most businesses can operate safely, and succeed economically

Bullard says could wait until 1Q 2021 to assess need for the further fiscal stimulus.

Bullard says if inflation goes higher, the Fed will not react as aggressively as in past.

Market implications

There has been no market reaction to these comments.

The dollar was lifted into the end of wall Street on weaker equities as a stimulus package is a promise that never comes.

Wall Street Close: PayPal prints all time highs on Bitcoin adoption

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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