Bullard in the audience Q&A:

  • It's a good idea to periodically review inflation framework but it would require 'buy in' from the political and financial community
  • Proponents of changing framework would have to prove it would add benefits
  • Rise in 10-year rates partially driven by rise in inflation expectations among investors
  • Says he's skeptical 10-year yields will break out from here
  • Inflation expectations have moved up some

The comment on inflation expectation is notable from a dove like Bullard.

More from Bullard here and here.