Fed's Bullard: Markets expectation for policy rate is much shallower than FOMC's

Speaking at an event in Singapore, St. Louis Federal Reserve (Fed) President James Bullard reiterated his comments he made earlier this week on the US monetary policy stance.

Key Quotes:

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

Tight US labor market may put upward pressure on inflation

Recent GDP and inflation expectations suggest markets view of rate path may be more nearly correct