Fed's Bullard: Signs show the US is growing below trend pace of 2%

Federal Reserve Bank of St. Louis and FOMC member James Bullard posted downbeat comments on the US growth prospects, as he crossed the wires via Reuters last minutes.

Key Quotes:

Smoothed measure of inflation have been rising over the last year

Inflation will be an important factor supporting the FOMC's view on expected path for rates

Negative international influences on US are waning

US labour market performance has been very good

Growth inconsistent with slow rising path of policy rate

Signs show the US is growing below trend pace of 2%

Some data supports the markets view, some supports the FOMC's view

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