The emergency half-point interest rate cut put the U.S. central bank's benchmark rate in the "right place," said St Louis Fed President James Bullard on Wednesday. "We got the policy rate to the right place for now, given the information we have now," he said, in an interview on Bloomberg Television. Bullard appeared to downplay expectations of a subsequent cut when the Fed formally meets on March 17-18. "I'm not sure you should put a lot of weight on the March meeting," Bullard said. The half-point cut engineered Tuesday was "pulled forward," from the formal meeting and policy-makers are unlikely to have that much different information when they sit down in two weeks, he noted. Bullard said he sticking to a "pretty good" forecast for the U.S. economy this year despite the coronavirus.