US economy to rebound in Q2 - Fed’s Bullard

FXStreet (Mumbai) - St. Louis Fed President James Bullard said today that the US economy is expected to rebound in Q2, while stating the economy will have a 3% growth rate through 2015.

Bullard added that the unemployment rate will fall below 5% in 2015 and the drop will herald “boom time” for US. On the eventual policy tightening, the policymaker said Fed will still remain accommodative after a small rise.