Fed's Bullard: Fed behind schedule on raising rates as QE3 nears end

FXStreet (Bali) - James Bullard, President and CEO of the Federal Reserve Bank of St. Louis, speaking about the economy and monetary policy, said that he expects 3% ‘or better’ growth in Q3 and Q4, adding that Fed is behind schedule on raising rates as QE3 nears end.

Other headlines included:

Inflation running ‘somewhat below’ Fed’s 2% goal

QE3 bond buying more successful than expected

Jobless rate drop far better than expected in September

Lift-off in q1 2015 would show considerable patience

Rate normalization far behind path seen at QE3

Q1 2015 lift-off well past policy rule prescriptions

Manufacturing jobs are coming back to the US, but not enough to drive the economy

Sputtering Europe holding back global economy