Fed's Bullard: U.S. economy looks poised for good growth

BOSTON Fri Aug 2, 2013 1:45pm EDT

BOSTON (Reuters) - The U.S. economy looks on track for a strong upturn but the Federal Reserve should still wait for solid evidence this is really under way before taking monetary policy action, one of its top officials said on Friday.

"I think we are poised for good growth. But boy, I want to see the numbers. I don't want to base it on a forecast," St. Louis Fed President James Bullard told an audience after delivering a speech at a financial conference.

"I think the corporate sector is actually in good shape and I do think there is a lot of potential in the U.S. economy," he said, describing the United States as an "island of stability" from the weakness in Europe and slower growth in emerging markets, including China.

(Reporting by Alister Bull; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.