More comments from Bullard:

  • Fed doesn't have to move in March amid uncertainty
  • US growth has both upside and downside risks
  • Sees a minor effect if US jobless rate falls further
  • GSE reform could make a decision on reinvestment urgent
  • It's good for the Fed to debate balance sheet to avoid surprising the market

Bullard didn't forecast any rate hikes this year so dovish comments are no surprise.