Fed's Bullard: Job market performing well but links to inflation weaker

St Louis Federal Reserve President James Bullard is out on the wires stating what markets already know - the sustained labor market tightening is yet to translate into higher inflation. 

Key quotes (Source: Reuters)

• Job market performing well but links to inflation weaker
• Don't have a lot of inflation in the US at the moment
• Fed has already taken steps to pre-empt too-high inflation
• Investors see the Fed undershooting inflation goal  this year
• FOMC has moved in a more dovish direction
• Fed doesn't have to raise rates, at a good level