Fed’s Bullard: Global economy is in very good shape right now

Bullard on the outlook

• Unemployment could go into 3% range
• Feels like the Fed needs to debate the yield curve issue right now
• Market doesn’t see ‘that much’ inflation pressure
• We could have an inverted yield curve in six months.

Bill Gross wrote about the swaps curve yesterday and said it’s more important than the yield curve. It’s also nearly inverted.