Fed's Bullard: Fed should focus on reducing its balance sheet before it turns to raising rates further - Macro Musings

Jim Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, shared his views on the monetary policy in a podcast titled "Macro Musings":

• Fed should focus on reducing its balance sheet before it turns to raising rates further
• Inflation doesn't seem to be related to the variables that we think it should
• You've got quite a few years now with inflation below target