Fed's Bullard: no reason to hike interest rates further

St. Louis Fed President James Bullard, during a scheduled speech on Wednesday, said that the Fed does not need to raise its benchmark interest rate much further given how close it is to the neutral rate.

Additional quotes:

   •  Inflation remains low and is expected to move somewhat higher during 2018

   •  US GDP growth looks uncertain for Q1

   •  Could see yield curve inversion later this year