More from Bullard:
- Last Fed meeting focused on rate hike pause, not so much about conditions under which rate move in either direction would be warranted
- Would need deviations to the downside on outlook for inflation or growth this year for a rate cut
- Worrisome territory on yield curve
He makes an important point and that will be something to watch for in the months ahead. Patient still implies that the bias is towards hiking if/when the data warrants.
