TOKYO — Federal Reserve Bank of St. Louis president James Bullard said Thursday that recent data have been “somewhat mixed” but not enough to change his basic outlook for the economy to grow at a “moderate” 3% rate this year.

Bullard, in Tokyo to attend an economic conference hosted by the Bank of Japan, also told reporters that he still expects the U.S. unemployment rate will tick down to 7.8% by year end from 8.1% now.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.