There is lot of momentum in the US economy – Fed’s Bullard

FXStreet (Mumbai) - St. Louis Fed President James Bullard said today that there is a lot of momentum in the US economy, while stating low oil prices and long term rates as tailwinds for the US economy.

The policymaker also said that the yield on the US 10-year Treasury yield under 2% is astonishingly low. The yield currently trades at 1.752%. On the European Central Bank’s QE (ECB) he said that the effects are already in financial markets.