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.