Bullard: Natural for us to have tilted more hawkish based on inflation

"We were expecting a good year, a good reopening, but this is a bigger year than we were expecting, more inflation than we were expecting," St. Louis Fed President James Bullard told CNBC's "Squawk Box" Friday. "And I think it's natural that we've tilted a little bit more hawkish here to contain inflationary pressures."