Bullard helping to give the dollar a nudge lower as well
- Fed is in a very good place, no urgency to act
- Rates are 'a bit tight' right now
- Balance sheet decision to hopefully come in 'next couple of meetings'
- Rates are high in comparison to the global environment we're in
- Says that he argued against a December rate hike
- Says "I felt like we went too far" with December decision
- Fed might miss 2% inflation target again this year
Despite the comments here, do be reminded that Bullard is a known dove and he is the most dovish member of the FOMC this year. So, the comments here are very much what you'd expect from him as he's been preaching for the Fed to stop tightening since last year.
EUR/USD inches up from 1.1340 to 1.1350 levels with AUD/USD also moving off the 0.7100 handle to 0.7115 currently.
