On CNBC, with St. Louis Fed president Bullard on set.

  • FOMC to extend the date of the first rate hike from late 2014 to some date further in the future
  • Still expects QE later than September but says it is possible at that meeting
  • Chance of open-ended QE, don’t use arbitrary end date
  • Sees slightly stronger US growth in second half of year but still unsatisfactory; broadly 2% GDP growth