Fed's Bullard: Have to react if inflation doesn't fall as expected – by fx_ross Fed DollarIndex
He thinks US GDP will be revised higher for first half of the year at some point but too late to be useful for monetary policy.US GDP probably was really flat in the first half of the year, not negative, third quarter looks to be positive.Fed in great shape on the employment side of the mandate, a great time to 'nip inflation in the bud.Inflation expectations are looking good now, at least based on tips markets.
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