Bullard: Yellen's view not far from median Fed expectations for rate rises

Comments from St Louis Fed President Bullard

• Low rates amid 'boom time' assets sets stage for bubbles over next 2-3 years
• Concerned low-yield markets will 'wake up', abruptly reprice Fed hikes
• Yellen's view not far from median Fed expectations for rate rises
• Asset prices to potentially play bigger role in Fed policy

Bullard putting words into Yellen's mouth. That's a dangerous game. And there's no way the Fed would ever have the courage to raise rates to fight asset prices.

I'm starting to get the feeling Bullard is a bit delusional.

He spoke with Reuters in an interview.