Catching up comments from Federal Reserve St Louis President James Bullard

  • US expansions don't die of old age
  • Don't have a lot of inflation in US at moment
  • Job market performing well but links to inflation weaker
  • Investors see the Fed undershooting inflation goal this year
  • Fed has already taken steps to pre-empt too-high inflation
  • FOMC has moved in a more doivish direction
  • Fed doesn't have to raise rates, at a good level
  • low inflation become endemic in largest economies