• In an interview with The Wall Street Journal, St. Louis Fed President James Bullard said falling unemployment and rising inflation are bringing the Federal Reserve closer to its goals more rapidly than policy makers had foreseen

Strangely enough the link to the story isn’t working, in fact the Journal doesn’t seem to have it all now. Either that or I imagined/dreamt the whole thing (I will admit, I’m tired from all that that rowing and may have nodded off).

At least Yahoo shares my hallucinations: Fed’s Bullard still sees first rate hike in March

  • he would still like to see the central bank raise interest rates for the first time this cycle in March 2015
  • “The end of the first quarter of 2015 is still my preferred liftoff date”

ADDED – OK, back up on the Journal, link here: Bullard: Fed Getting Close to Policy Goals

  • “Basically we’re way ahead of schedule for labor-market improvement”
  • “The end of the first quarter of 2015 is still my preferred liftoff date” for raising the fed-funds rate, Mr. Bullard said.