Fed's Bullard (hawkish, non voter): See more than a 50% probability of rate hike in September, would prefer to begin raising rates early and proceed gradually
- Unemployment will go below 5% eventually, sees +3% GDP growth in 2H of 2015- Very bad for a central bank to be behind the curve
- Do not see China stock market gyrations as something that would impact the US substantially
- Worried about reach for yield, somewhat questionable investment decisions
- Have heard anecdotal reports of reaching for yield but do not think we are in a bubble situation yet