Fed's Bullard: Fed focused on its legal mandate from Congress

St. Louis Fed president James Bullard, speaking to CNBC this Friday, was noted saying that there is no need to take on the yield curve but the Fed needs to be very careful.

Additional quotes:

   •  Should not knowingly invert the yield curve.
   •  Market outlook is flattening the yield curve.
   •  US economy is having a good year but may slow in 2019, 2020.
   •  Sees long-term potential growth around 2%.
   •  Doesn’t see much inflation pressure in the US. 
   •  Can adjust policy if growth is faster than expected.
   •  Sluggish productivity is hampering wage growth.
   •  The current level of wage gains not out of line.
   •  Fed focused on its legal mandate from Congress.
   •  The market is more dovish than the Fed.