Fed's Bullard: September seems more likely to announce balance sheet adjustment

Federal Reserve Bank of St. Louis President James Bullard responds to questions from the audience in London with the key quotes, via Reuters, found below:

• Inflation expectations to stay constant as we raised rates, disconcerting they have fallen
• Don't see signs of financial excess that would unsettle the Fed
• There is more sympathy at Fed for view that inflation not coming back to target as quick as first thought
• September seems more likely to announce balance sheet adjustment
• With low and negative rates around the world, hard for U.S. to have yield curve dramatically above foreign rivals
• Policymakers need to be aware that types of threats can arise and lead to financial crises, no set of rules that fits everything