Fed's Bullard: The economy is improving, seeing momentum increasing; watching broad labor market indicators
- Disappointing jobs report in January was due to the weather. Weaker data has not been enough to reverse or slow the taper plan.
- FOMC tapering is on a good course, plan is to continue until QE asset buys are over, a change to tapering would be a powerful signal.
- Sees US unemployment around 6%, inflation around 2% by the end of 2014.
- We pay a lot of attention to what's happening in emerging markets, we are concerned about it but it will not likely impact the US much.