Bullard: Forget about Q1 GDP report

|By:, SA News Editor

Q1's 2.9% GDP decline is "giving me heartburn," says St. Louis Fed boss Jim Bullard in a TV appearance, but it's an aberration and doesn't seem to match up with other economic data out there.

Markets - currently predicting the first rate hike within a year - have it about right, says Bullard. The economy seems pretty good and inflation should be over 2% in 2015 - together, ripe conditions for tighter policy.

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