Fed’s Bullard cites 'hot' CPI rise in January

Speaking in New York, St. Louis Fed president James Bullard told reported that it’s important to monitor inflation expectations, particularly the actual inflation.

Key Quotes:

Won’t say how long before inflation enough for normalization

Watch inflation expectations, actual inflation

If core US inflation continued to rise, would be hard to make case to pause rate hikes

Cites 'hot' CPI rise in January, says could be wrong about weak inflation expectations

1.7 pct trimmed mean inflation 'gives me comfort,' but must avoid unhinged expectations