Online reports that former St. Louis Fed Chairman Bullard said that inflation will slow significantly this year, allowing the Fed to continue to lower interest rates. Bullard said it looks like the Fed is on track to cut interest rates twice more this year, by 25 basis points each time. Fed officials expected two interest rate cuts in December last year. "I really don't see anything that would stop them from doing this," he said. However, Bullard said it seemed premature to cut interest rates again in March. "Judging from the current situation, I don't think there may be a rate cut in March," he said. He said the Fed may use its March meeting to prepare for a late spring rate cut. He said the Fed's policy actions depend on further progress in inflation.