Bullard on Bloomberg Radio
- FOMC has been surprised by downside inflation
- Fed doesn't need to be pre-emptive amid weak inflation
- G7 in a low growth, low inflation regime
- Can leave rates low for now and evaluate data
- US growth may stay near 2% in the next few years
- No recession on horizon today 'but you never know'
This is all par for the course for Bullard, who has frequently said he doesn't see any need to hike now or in the future.
