Fed's Bullard says Trump economic policies will have little impact this year | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: President-elect Donald Trump’s fiscal policy plans are more a tale for 2018-2019 than this year, said St. Louis Fed President James Bullard on Thursday. In an interview on CNBC, Bullard said growth in 2017 is pretty much “baked in the cake.” He said he thinks the economy remains in a low interest-rate and slow growth environment that is not going to change by “snapping fingers.” Bullard said he still thinks economic conditions will justify only one interest rate this year and the Fed has time to wait and see what develops.)