Bullard continues to drone on and says he expects inflation to exceed 2% next year. He has been saying the same thing about “next year” forever.
Bullard also said he wants to see ending QE reinvestment on that table as a possible move. The core members of the FOMC prefer hiking rates sooner and waiting to end reinvestment.
For the third time today, he also said it might not be long before the FOMC meets its goals and that he’s ‘turning a little more hawkish’.
