Fed's Bullard (moderate, non voter): Still sees first rate hike towards the end of Q1
- Concerned that asset bubbles may arise if the Fed moves too slowly and mechanically when tightening policy
- Growth looks good, with the exception of Q1
- Would be natural to drop the 'considerable time' language at the October meeting
- Expecting growth to exceed 3% in 2H of 2014 and also in 2015