Fed's dove Bullard warns of hiking too fast - FT

James Bullard who is president of the Federal Reserve Bank of St. Louis, was speaking in an interview with the Financial Times over the weekend.

Bullard is a dove and always airs on the cautionary side when coming to the balance sheet and interest rate hikes and he made the familiar sounds as follows taken from the FT 's article:

• "You would not have to go very high in this environment to be in a restrictive policy stance.
• If we went too far we would start to put downward pressure on inflation in an environment where inflation is already below target."