Republican sweep could break gridlock in economic boost - Fed's Bullard

Before you go, we thought you'd like these...
Before you go close icon

ST. LOUIS, Nov 10 (Reuters) - The U.S. election results could break the gridlock of divided government in Washington and to that extent be an economic boost, St. Louis Federal Reserve President James Bullard said on Thursday.

Bullard said markets are still trying to assess the impact of Donald Trump's victory, but so far "it is not a level of volatility that is troubling... It certainly breaks gridlock in Washington, which has been a key complaint of how the economy has operated."

(Reporting by Howard Schneider; Editing by Chizu Nomiyama)

Click through for business leaders who supported Trump during his campaign:

10 PHOTOS
Business leaders who endorse Donald Trump
See Gallery
Business leaders who endorse Donald Trump

Steve Forbes, Chairman and Editor-in-Chief of Forbes 

Photo: Reuters

Peter Thiel, Venture Capitalist, co-founder of PayPal

Photo: Reuters

Kenneth Langone, co-founder of The Home Depot

Photo: Getty

Bernard 'Bernie' Marcus, co-founder and former chairman of Home Depot 

Photo: Getty

Pete Coors, Chairman of MillerCoors

Photo: Getty

Linda McMahon, formerly CEO of World Wrestling Entertainment

Photo: Getty

Brian France, Chairman and CEO of NASCAR

Photo: Reuters

Herman Cain, American author and business executive

Photo: Reuters

Carly Fiorina, former CEO of Hewlett-Packard
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

Read Full Story

Markets

S&P 500 2,191.95 0.87 0.04%
DJIA 19,170.42 -21.51 -0.11%
NASDAQ 5,255.65 4.55 0.09%
DAX 10,513.35 -20.70 -0.20%
HANG SENG 22,564.82 -313.41 -1.37%
NIKKEI 225 18,426.08 -87.04 -0.47%
USD (per EUR) 1.07 0.00 0.06%
USD (per CHF) 1.01 0.00 -0.01%
JPY (per USD) 113.48 -0.41 -0.36%
GBP (per USD) 1.27 0.01 1.16%

From Our Partners