Federal Reserve Bullard: Federal Reserve likely to raise rates sooner than investors expect

Comments crossing the Bloomberg terminal from head of the St. Louis Federal Reserve James Bullard, in a telephone interview:

• Federal Reserve likely to raise rates sooner than investors expect
• Sees 3% growth rate through the rest of this year
• Ssays markets should heed Fed’s grwoth forecasts
• Unemployment could fall below 6% in the next two reports
• Says unemployment drop will propel inflation above 2%