- It doesn't make too much difference to do 100 bps or 75 bps this month; can adjust over the rest of the year accordingly
- Fed has been trying not to do too much at once
- It's a decision for the chair and the rest of my colleagues to make
- Our commitment to getting to 2% inflation is unconditional
- The right tactics for rate hikes are to be discussed at FOMC
- I take yield curve inversion seriously but I think this time is different
I would take this as dovish. Bullard is the most-hawkish message and if he isn't pushing hard for 100 bps, who will be?
Beyond that though, he is pushing for a higher terminal rate now and that's worth watching.