- Says markets don’t appreciate how close the Fed is to goals
- Says Fed closer to goals than many people appreciate
- Inflation could easily be in the ‘high ones’ or reach 2% by year end
- Unemployment is going to fall below 6% later this year
Carney said rates could rise faster than markets expect on June 12 and sent GBP surging. Bullard doesn’t have the same kind of clout and wasn’t as explicit but he sounds like he will be pounding the table for rate hikes in the near future.