Federal Reserve Board member Bullard said that a rate cut may be appropriate this year, but it is not yet time; data shows the need to reduce rate cuts or start relaxing policies later; the risk of waiting is lower than the risk of cutting rates too early; the current economy is "not yet urgent" for rate cuts; the Fed may need to maintain the current rate target for longer than expected; more progress in inflation is needed to support rate cuts; it will take at least a few months of data to determine if the inflation rate will reach 2%; the strong economic situation provides space for the Fed to evaluate data; the economy is growing healthily.