Fed’s Bullard: Inflation expectations have grown but remain a bit low

In a scheduled appearance at the 29th Annual Economic Outlook Conference, Gatton College of Business and Economics, University of Kentucky, Lexington, Ky., St. Louis Fed President James Bullard said:
 
   •  Today’s monetary policy is closer to neutral
   •  Inflation expectations have grown but ‘remain a bit low’
   •  To watch investment boom closely, say it is not his base case 
   •  Inflation, job market link has broken down
   •  Friday’s jobs report was ‘good’ 

Bullard, however, refrained from making any comments on the recent turmoil in the equity markets.