Bullard said he is increasingly upbeat the Fed can achieve its goal of lowering inflation without sending the economy into a recession, as many Fed critics and economists now believe will happen.
"The probability of a soft landing has increased compared to where it was in the fall of 2022, where it was looking more questionable," Bullard told reporters after his remarks. "And the reason I think that the prospects for a soft landing have increased is that the labor market has not weakened the way many had predicted" and growth levels rebounded from weakness, he said.
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Bullard said he is increasingly upbeat the Fed can achieve its goal of lowering inflation without sending the economy into a recession, as many Fed critics and economists now believe will happen.
"The probability of a soft landing has increased compared to where it was in the fall of 2022, where it was looking more questionable," Bullard told reporters after his remarks. "And the reason I think that the prospects for a soft landing have increased is that the labor market has not weakened the way many had predicted" and growth levels rebounded from weakness, he said.