Fed's Bullard says liftoff is appropriate despite challenges

Fed's James Bullard at the National Association for Business Economics conference

• Continued accommodation is insurance against risks
• FOMC has met its goals as well as any time since 1960
• Challenges are not significantly robust to guide policy
• Fed will still be exceptionally accommodative even with hikes
• Strict inflation targeting doesn't justify zero rates
• Fed should react separately or distinctly to global developments
• Normalisation goals have arguably been met

Pretty much the standard Bullard fare and nothing for the market to trade on