Comments crossing the Bloomberg terminal from head of the St. Louis Federal Reserve James Bullard, in a telephone interview:

  • Federal Reserve likely to raise rates sooner than investors expect
  • Sees 3% growth rate through the rest of this year
  • Ssays markets should heed Fed’s grwoth forecasts
  • Unemployment could fall below 6% in the next two reports
  • Says unemployment drop will propel inflation above 2%