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St. Louis Fed President James Bullard has recently crossed the wires saying that rates were already “at or near” the neutral level.

Key quotes (via Reuters)

  • Possible ‘cracks’ in growth to shape Fed debate in coming year.
  • Expects slower growth over next 2-years, making it ‘tougher’ for fed to continue rate hikes.
  • Economy, jobs market otherwise strong, with only moderate financial risks.
  • Not expecting low unemployment to spark inflation.