Economics
Fed’s Bullard Says Brexit to Have ‘Close to Zero’ U.S. Impact
- St. Louis Fed chief doesn’t see lower yields as warning sign
- Cleveland Fed’s Mester also says Brexit impact to be limited
James Bullard.
Photographer: Chris Goodney/BloombergThis article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard said he thought the U.K.’s vote to leave the European Union wouldn’t have a lasting effect on the U.S. economy, joining Cleveland Fed chief Loretta Mester in playing down the threat Brexit poses to the U.S.
“Now that the markets have had some chance to digest the move, I think the ultimate impact on the U.S. economy will be close to zero,” Bullard told reporters Tuesday following a speech in St. Louis.