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 Trump 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. 

“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 Pelosi (D-Calif.) and Senate Majority Leader Mitch McConnell (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.