Fed's Bullard prefers to reserve judgement on rate hike until June meeting

James Bullard, president of the Federal Reserve Bank of St. Louis , crossed the wires earlier today, from South Korea, at a Band of Korea news conference, noting that he prefers to reserve his judgement on a June rate hike call until the meeting.

Headlines

Says revised GDP was encouraging

Q2 GDP rebound seems to be materialising

Says prefer to reserve judgment until June meeting on interest rate policy

Says he has recently been critical of Fed's dot plot, might be giving too much forward guidance

No change will come to monetary policy regardless of who is elected president

Says hopes neither Clinton or Trump are interested in politicizing the fed

Says markets well prepared globally for possible US rate hike

He does not anticipate major market impact if there is a US rate hike in summer