- The spate of soft data hasn't budged his strong outlook for the economy, St. Louis Fed chief tells CNBC. Formerly a fence-sitter leaning hawkish, Bullard titled dovish late last year - constantly reminding too-low inflation was just as much of a worry as what economic growth was doing. He's about-faced in 2014, now leaning hawkish and taking every opportunity to tell people it's probably the weather causing the recent slowdown.
- He continues to see the jobless rate falling below 6% this year. As for declining labor force participation? It's a secular trend, not cyclical, he says.
- As for rate hikes, he does back off a bit, telling the team he was previously one of two on the FOMC who thought rates might rise this year, but "I'm going to have to revisit that."
- Last week's release of FOMC meeting transcripts gives us a window into the scoreboard on Bullard's crystal ball, and it's not wonderful as it shows him laser-focused on inflation and hawkish both before and after the Lehman collapse in 2008.