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Fed's Bullard Says Brexit Will Have 'Close to Zero' U.S. Impact

But policy maker sees U.S. stuck in low-growth environment for two to three years.

By Christopher Condon and Michael Heath, Bloomberg | Updated on July 13, 2016

Federal Reserve Bank of St. Louis President James Bullard said he thought the U.K.’s vote to leave the European Union wouldn’t have a lasting effect on the U.S. economy, joining Cleveland Fed chief Loretta Mester in playing down the threat Brexit poses to the U.S.

“Now that the markets have had some chance to digest the move, I think the ultimate impact on the U.S. economy will be close to zero,” Bullard told reporters Tuesday following a speech in St. Louis.

 

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