Federal Reserve Bank of St. Louis president James Bullard speaking in New York
"I regard it as unwise to continue a normalization strategy in an environment of declining market-based inflation expectations"
- Fed likely has more leeway in US policy tightening
- Initial rate hike lessened risk of major US asset price bubble
Bullard spoke last week, he was more dovish than he usually is back then, same again today.
These comments via Reuters, from his prepared speech. There will be a Q&A to follow, which means ... more to come
Hand's up if you've become more dovish!