James Bullard, St. Louis
james bullard st louis fed

Bullard is more bullish on the U.S. economy than most economists surveyed by CNNMoney. He predicts the unemployment rate will fall to around 7% by the end of the year and the economy will grow around 3.2% in 2013 and 2014.

Such conditions would probably qualify as the "substantial improvement" in the job market that the Fed wants to see before it backs away from its $85 billion a month in asset purchases. But Bullard has also cautioned the Fed against putting too much weight on any single economic statistic.

In a statement earlier this month, Bullard reminded Fed watchers that the central bank will be looking at data on labor force participation, hours and wages -- not just the unemployment rate.

Independent economists rank Bullard leaning slightly hawkish on policy. Bullard was last a voting member on the FOMC in 2010. That year, he voted in favor of all the Fed's monetary policy decisions, including the move in November 2010 to launch a second round of so-called quantitative easing.


- Last updated January 29 2013 08:12 AM ET
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