Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.
Former Chief White House Budget Office economist Vance Ginn analyzes the U.S. economy as the jobs market struggles and inflation remains problematic on ‘Cavuto: Coast to Coast.’
St. Louis Federal Reserve President James Bullard on Thursday dismissed concerns of a credit crunch in reaction to the turmoil in the financial system following theBullard said he does not expect lending standards to rise to a level that would push the economy into a recession. "It's too soon to tell what kind of tightening we are seeing," Bullard told reporters following his speech on the economy and monetary policy at the Arkansas State Bank Department's Day with the Commissioner event. However, he said, "credit tightening will not tighten enough to send the U.S. economy in recession."
James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, delivers a speech at the 2019 Monetary and Financial Policy Conference at Bloomberg's European headquarters in London
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