Bullard speaking in Arkansas

  • No comments on the timing of the next hike (although he's on record as saying 'we might as well get on with it')
  • Sees rate path flatter than rest of FOMC
  • Safe rate of return is very low and not seen rising soon
  • Repeats that one hike will be needed

Bullard is the outlier on the Fed dot plot

He things the Fed should hike one time and then leave rates unchanged.