Bullard clarified, yet again, the Federal Reserve's new framework in his comments today

  • "We have said we'll be less pre-emptive [on rate hikes] than we otherwise would have been, less Greenspan-ian than we otherwise would have been."

I'm just highlighting this comment here - other Fed officials have backed well away from tapering remarks and the odd rate hike comments as Powell has kicked ass on emphasizing what Bullard says - the Fed will be waiting, not pre-empting.