Fed's Bullard: Inflation breakevens suggest Fed is being too hawkish

Federal Reserve Bank of St. Louis President James Bullard continues to speak in London with the key quotes, via Reuters, found below:

• Don't think in situation where need to be preemptive, we can wait and see with respect to future policy
• U.S. is not moving away from 2 percent growth
• The FOMC has been largely correct that inflation was returning towards target over recent years
• Disconcerting that inflation gone away from 2 percent
• We have been raising rates against a backdrop of relatively weak growth, downside inflation surprises
• Financial market reaction to March tightening has not been good, would have expected yields to rise with policy rate
• U.S. is trying to go it alone among global central banks, which you can do but need strong data behind you
• Need to question how far can push yield curves given global environment
• Inflation breakevens suggest fed is being too hawkish