Comments from St Louis Fed President James Bullard:

  • Would be more in favor of metric-based guidance rather than calendar
  • Doubts yield curve control would have much impact at this point
  • You hear more about hours being cut than wages
  • Yield curve control is something Fed could consider
  • Hopeful to get back to 2% inflation in medium term

The Fed's Clarida said hew as more in favor of calendar guidance. The Beige BOok will be out in moments.