According to Federal Reserve Board member Bullard, who is generally inclined to the hawkish side, he said on Tuesday that he is becoming more confident that the interest rate currently set by the Federal Reserve will prove sufficient to push inflation down to the target of 2%, while acknowledging that if the work of lowering inflation continues to make progress, it may be possible to cut interest rates in a few months.

"The trend in inflation is about what I imagined," Bullard said at an event at the American Enterprise Institute (AEI), adding that if progress continues, "in a few more months...three months, four months, five months...we can start lowering policy rates because inflation has come down." Bullard added that this has nothing to do with saving the economy and is in line with all policy rules. (Jinshi)