Fed's Bullard: Does not think Fed should 'pencil in' any more hikes

Additional comments from St. Louis Fed President James Bullard now cross the wires with key quotes, via Reuters, found below.

• Expected fed funds rate of 3.4% in 2020 would be 'quite a way' into restrictive territory.
• Further rate hikes could be warranted if economy continues to surprise to the upside.
• Has been willing to go along with rate hike so far because economy has surprised to upside.
• Not seeing evidence yet of a productivity increase that would raise potential us economic growth.
• Does not think Fed should 'pencil in' any more hikes.