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james bullard

REUTERS/Brian Snyder

  • Warnings of a coming recession this year are wrong, St. Louis Fed President James Bullard said.
  • Bullard pointed to strong economic data and shrugged off fears of an economic contraction.
  • A strong labor market and strong consumption are likely to fuel a "big chunk" of the US economy.

Wall Street is wrong for sounding the alarm on a recession in 2023, and the US economy will keep expanding this year, according to St. Louis Federal Reserve President James Bullard.

Tags
Markets, MI Exclusive, Recession, recession 2023, recession outlook, Fed, fed inflation, Interest Rates, interest rate outlook, Fed James Bullard, US economic outlook, Economic Growth, US Economy and Markets, Financial Crisis, Labor Market, Consumption
Source
Wall Street's recession forecasts for 2023 are wrong and the economy is poised …