RTRS:Fed’s Bullard Continues

• Says thinks it would be a mistake to tie monetary policy explicitly to unemployment rate.
• Hopes evolution of Fed’s communication policy will lead to quarterly monetary policy report.
• Using a date to guide policy has put Fed in a “box”, adding an unemployment threshold would be another box.

Dollar continues to trade in narrow range with the EUR/USD lagging and AUD/USD making its way to session highs at 1.0266/69.