Trump 'Definitely' Boosted U.S. Growth, Fed's Bullard Says

President Donald Trump was credited with boosting U.S. economic growth.

St. Louis Federal Reserve Bank President James Bullard said Wednesday, “I definitely think that the political change had an influence."

Bullard says the U.S. economy is likely to grow about 3 percent this year.

Fed policymakers as a group see growth fading next year as the tax-cut stimulus wears off.

Bullard said he currently estimates the economy is capable of sustaining a 2-percent annual growth rate.