There's been "substantial progress" in the U.S. labor market, St. Louis Fed President James Bullard said on CNBC's "Squawk Box" on Monday. But inflation is low, he added—saying, "What's the hurry" to taper the Federal Reserve's massive bond-buying program. He also said there's "room on the balance sheet" because the size, approaching $4 trillion, is not the highest among major nations relative to gross domestic product. The more hawkish Philadelphia Fed President Charles Plosser, appearing on the show Friday, argued that specific dollar limits should be put on the size of the central bank balance sheet, which is ... (full story)