Fed's Bullard: Rates aren't high enough now

Federal Reserve's president and CEO of the Federal Reserve Bank of St. Louis James Bullard: in a CNBC interview has said rates aren't high enough now.

Key notes

• 3.75% - 4% is my target for this year.
• Says he likes the idea of front loading; ‘shows you are serious about inflation fight’.
• Rates aren't high enough now.
• Labour market is strong right now.

More to come...