Comments from Federal Reserve's Bullard
- Federal Reserve faces challenge in explaining likely slowdown of US jobs growth as natural at this point in the recovery
- Says job growth of 100,000 to 125,000 adequate for economy, but could be misread as an economic slowdown after months of high jobs growth
- Says guidance about a possible December rate hike was needed in recent Fed statement to "reel" back investors who doubted central bank's plans
- Says liftoff of rates to be followed by "healthy debate" over how to decide on subsequent increases after so many years at zero
- Says cumulative progress of economy justifies move from zero rate policy
St. Louis Federal Reserve President James Bullard speaking in interview with Reuters