- May recalibrate late Q1 2015 interest rate lift off view to earlier due to low unemployment rate
- If GDP growth at 3% pace and jobless rate continues to drop at current pace through the fall, conversation on monetary policy will change
- Unemployment may fall below 6% in second half of 2014
- Sees GDP growth exceeding 3% in Q’s 2, 3 & 4
- Ending reinvestments may be a useful tightening tool
If Bullard was voting these comments might have had a bit more of a reaction in the market.
