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.