James Bullard is President of the Federal Reserve Bank of St. Louis
- there will not be anything like the taper tantrum again
- Fed will communicate effectively
- Rate now close to an appropriate rate ... Can stay about where we are or go a little bit higher
- repeats that he disagrees with the idea 200bp needed
- Inflation numbers have been a little surprising
- Idea that the economy is growing faster than trend does not match data
Bullard again saying he is not looking for a while bunch of rate rises right now
More:
- Equity market is up a lot (since the US election), in anticipation of tax changes, anticipation of growth
- Washington has to deliver at some point, the jury is still out on this
Headlines via Bloomberg, Bullard is speaking on Bloomberg TV in Tokyo.