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

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

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 TrumpMulvaney: 'We've overreacted a little bit' to coronavirus Former CBS News president: Most major cable news outlets 'unrelentingly liberal' in 'fear and loathing' of Trump An old man like me should be made more vulnerable to death by COVID-19 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. 


"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 PelosiBottom line This week: Surveillance fight sets early test for House's proxy voting Women suffering steeper job losses in COVID-19 economy MORE (D-Calif.) and Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's Morning Report - Presented by Facebook - Americans debate life under COVID-19 risks The 10 Senate seats most likely to flip Democratic leaders say Trump testing strategy is 'to deny the truth' about lack of supplies 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.