Fed's Bullard: Dec rate hike not a mistake

Federal Reserve's Bullard (FOMC voter) is still crossing the wires, answering questions to media outlets, noting that December rate hike was not a mistake, adding that there is need to see recovery in market-based measures of inflation expectations to justify another hike.

Additional headlines

Federal Reserve had good reasons to hike in December and does not consider the move a mistake

Federal Reserve has ample capacity to fight a negative shock, including quantitative easing, but that is not his base case for the economy

Drop in equities more a return of more rational pricing rather than an indicator of poor economic performance