Bullard Says Fed May Need to Move Forward Start of Exit

The Federal Reserve may have to raise rates more quickly than planned as unemployment falls and inflation quickens, said James Bullard, president of the St. Louis Fed.

“If macroeconomic conditions continue to improve at the current pace, the normalization process may need to begin sooner rather than later,” Bullard said in a speech today in Owensboro, Kentucky. He doesn’t vote on monetary policy this year.