Fed's Bullard: Currently supports rate increases at the March and May meetings, 50bps hike doesnt really help

St Louis Fed President James Bullard said on Tuesday that he would support a rate increase at the March meeting and would also raise rates at the May meeting if he was to make that decision today. A 50bps rate hike doesn't really help up right now, he added, saying that we are doing a lot here even though we haven't yet raised rates.