Comments from Bullard

  • Asked about inflation risk like the 1970s, said the Fed had "very little credibility" then
  • Rise in bond yields "a good sign so far"
  • Unemployment rate should fall to 4.5% by year end
  • Could see a lot of improvement in labor force participation on the basis of school reopening

Same old story from the Fed. The idea they have credibility on anything is pretty laughable.