Fed's Bullard worried monetary policy being pushed 'too hard'

St. Louis Federal Reserve President James Bullard said on Friday that cyclical recovery in the economy is largely complete and that he is concerned the central bank is pushing monetary policy "too hard" to address small problems in the labor market. Whatever is going to happen on a cyclical basis has happened," Bullard said. Bullard opposed the Fed's recent delay in hiking interest rates, a decision that cited continuing headwinds from the crisis and the need for more improvement in labor market