- "Now may be a good time to begin normalizing U.S. monetary policy so that it is set appropriately for an improving economy over the next two years," Federal Reserve policymaker James Bullard said on Thursday.
- The recent decision by the U.S. central bank to remove "patient" from its policy statement makes a return to 'standard' policy making possible, he added.
- Bullard is not a voting member on the Fed's policy setting committee this year, but does take part in regular policy deliberations.