Comments from Bullard

  • Sees continued US economic recovery in H1 2021
  • Labor market recovery is four years ahead of the pace after last recession
  • Some downside risk to economic outlook remains
  • US fiscal and monetary policies have been exceptionally effective, designed for a larger shock than the one that has occurred
  • Expect long term rates to rise as economy recovers
  • Negative rates are not a good option for the US

That's a hawkish set of comments but Bullard doesn't hold a lot of sway on the FOMC.