St. Louis Fed President James Bullard said in an interview with Bloomberg on Friday that the U.S. outlook remains good despite the recent turbulences on the markets.

"The U.S. outlook still looks very good," he said.

St. Louis Fed president also said that the Fed should start raising its interest rate.

"I've been arguing that we should get going, because interest rates -- it's not that we're a little bit below normal, we're all the way down at zero, so you've got to think about: How is this going to play out over the next two to three years," he said.

Bullard is not a voting member of the Federal Open Market Committee this year.