Fed's James Bullard at the National Association for Business Economics conference
- Continued accommodation is insurance against risks
- FOMC has met its goals as well as any time since 1960
- Challenges are not significantly robust to guide policy
- Fed will still be exceptionally accommodative even with hikes
- Strict inflation targeting doesn't justify zero rates
- Fed should react separately or distinctly to global developments
- Normalisation goals have arguably been met
Pretty much the standard Bullard fare and nothing for the market to trade on
