Speaks at Washington conference
- labor market approaching normal performance.
- Between market and fed rate views to be reconciled
- policy will still be accommodative after liftoff.
- Concern if inflation expectations of move up from 2% goal.
- Says he expects US growth around 3% over medium-term.
- Reserving judgment on inflation tilt oil stabilizes.
- Sees asset bubble risk if rates held at zero for too long
- Raising rates gradually eases asset bubble risk
The comments are consistent with previous comments from Bullard. Bullard is not a voting member
