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St. Louis Fed President James Bullard, commenting on CNBC this Friday said that inflation is a little bit low and low core PCE inflation is making me a little bit nervous.

Additional quotes:

   “¢   I would like to take this opportunity to recenter inflation expectations around 2%, which I think would pay dividends
   “¢   Having a single mandate wouldn’t change policy too much.
   “¢   The Dallas Fed trimmed mean is at 2%.
   “¢   We’re probably at the point where we want to be assessing the data.
   “¢   Inflation expectations look a little light and I don’t think that’s a good place to be.