May be answering questions after speech in Memphis
Fed's Bullard is speaking in Memphis. He seems to be answering audience questions now:
- Can't infer anymore that low unemployment will cause inflation
- Downplays use of interest rates to guard against financial stability problems because of stronger regulation put in place by Dodd Frank
- Does not see need to raise rates to prevent asset bubble
- US Pres. influences monetary policy through appointments, and his appointment so far standard, traditional central bankers