Mr Boring,President of the Federal Reserve Bank of St. Louis, on CNBC.. So that one will run and run

  • thought it was time for Fed to move
  • prudent thing to do is move policy toward normal
  • Fed to have very easy policy in next few years
  • Fed shouldn't react to financial markets
  • powerful case to be made for normalizing rates
  • chance of an October hike
  • reiterates support for press briefings after each FOMC meeting
  • decision to hold rates last week was a close call

Eamonn had Boring Bullard's week-end comments here

More on CNBC now

  • favours early Fed lift-off but gradual
  • China to grow more slowly but not a new problem
  • oil prices ultimately bullish factor for US economy

Bullard took part in the discussion and debate but he doesn't have a vote on the committee this year.