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.