Fed's Bullard: Fed should be cautious with further rate increases

St. Louis Federal Reserve bank president James Bullard has recently delivered his prepared remarks at a conference in Japan, providing the key quotes, via Reuters, found below.

• U.S. policy possibly at neutral means Fed should be cautious with further rate increases.
• He regards inflation expectations as still a bit low.
• It is a question how far the Fed should go in further rate increases while Bank of Japan and ECB remain stalled.
• It may not be necessary to change the policy rate in order to keep the economy close to or at the Fed's goal.