Fed's Bullard says the Federal Reserve will be much less pre-emptive about hiking rates

Bullard is the president and CEO of the Federal Reserve Bank of St. Louis, speaking in an interview with Bloomberg

• he supported the FOMC deciisonj last week
• the Bank's new approach to lifting inflation is likely to work
• the Bank will be much less pre-emptive about raising rates
• there may be enough fiscal aid in the pipeline for recovery