Top Federal Reserve official: Further coronavirus stimulus bill may not be needed

A top Federal Reserve official on Sunday suggested another coronavirus stimulus bill may not be necessary. 

James Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, said the $2.3 trillion stimulus package signed by President TrumpDonald John TrumpCampaigns face attack ad dilemma amid coronavirus crisis Outgoing inspector general says Trump fired him for carrying out his ‘legal obligations’ Trump hits Illinois governor after criticism: ‘I hear him complaining all the time’ MORE late last month was “well-sized for the situation.” 

“I think you’ve got the right amount of resources” Bullard said in an interview on CBS’s “Face the Nation” when asked if a fourth rescue package is needed. 

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“The challenge is how are you gonna get that to the right people,” he added.

Bullard also noted that “the economy was actually doing quite well going into this health situation.”  

Speaker Nancy PelosiNancy PelosiTop Federal Reserve official: Further coronavirus stimulus bill may not be needed Schumer: Fired inspector general will be remembered as a ‘hero’ Clyburn says stimulus spending oversight committee will be ‘forward looking’ MORE (D-Calif.) and Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellTop Federal Reserve official: Further coronavirus stimulus bill may not be needed How governments around the world are passing laws amid the coronavirus crisis Stephen Moore: We’re facing another ‘Great Depression’ MORE (R-Ky.) have been feuding over a potential fourth coronavirus package

Pelosi has pushed for an additional stimulus package to further help the American public, including small businesses, while McConnell has said the next bill should be focused on health care. 

Lawmakers are out of town until at least April 20. 

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