Fed Should Raise Rates In 2013, Bullard Says

From Reuters:

The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster."

Unfortunately, St. Louis Fed President James Bullard isn't a voting member on the FOMC this year. The article lists some quotes from Bullard that make really good sense. Here's one example:

"It's important to start to remove accommodation - even when you go up to 1 percent or 1-1/2 percent, that's still very easy monetary policy,"