Fed's Bullard: Reiterates forecast for first rate hike in Q1 of 2015, disagrees with Fed's discription of labor resources
- FOMC is doing a great deal of work to prepare for the policy exit
- Market expectations for rate path is lower than current Fed forecasts
- Unemployment rate to fall to 5.8% by the end of 2015
- Worried about inflation expectations slipping lower in Europe, ECB needs to take action