Bullard says Fed may need to tighten ‘sooner rather than later’

• Bullard says Fed may need to tighten ‘sooner rather than later’
• FOMC closer to goals than during most of the past 50 years
• Policy far from normal even as economy near FOMC goals
• Labor force participation may fall further

There was a momentary uptick in bonds and USD/JPY on the headlines but it was quickly wiped out. These are comments Bullard has made before. All the focus is on the plane crash.