Highlights from St Louis Fed President James Bullard in Nashville, TN

  • Recent data questions if inflation is returning to target
  • Current rates likely appropriate over near term
  • Q2 growth rebound won't lift US away from 2% growth trend
  • Full presentation

His comment on the dollar is objectively wrong.

USD over the past 3 months:

USD year-to-date:

That's not all because of a hawkish ECB.

Otherwise his comments are par for the course -- he's made them all before.

Leafing through the full presentation, a slide on unemployment shows how he puts very little weight on lower unemployment.