Fed’s Bullard: No need to be pre-emptive amid weak inflation

Federal Reserve Bank of St. Louis President James Bullard is speaking to Bloomberg Radio, with the key quotes, via LiveSquawk, found below:

• No need to be pre-emptive amid weak inflation
• Some risk that FOMC could be too aggressive on rates
• Fed can keep rates on hold for now and evaluate data
• FOMC surprised by downside inflation