Fed's James Bullard speaks in Singapore
Largely repeats comments he made earlier this week
- Markets expectation for policy rate is much shallower than FOMC's
- Evidence from labour markets, inflation and global influences suggests that the FOMC's median projections may be more nearly correct
- Recent GDP and inflation expectations suggest markets view of rate path may be more nearly correct
WTH is "more nearly correct"?
Forward guidance at it best folks.