Fed's Tarullo Remains Worried by Low Inflation Despite Job Gains
- Fears of global slowdown since Sept. haven't materialized
- More signs needed to ensure inflation rising to goal, he says
Fed's Tarullo: Liftoff Should Wait for Signs of Inflation
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Federal Reserve Governor Daniel Tarullo said economic data received since the central bank met in September had been mixed, as continued low U.S. inflation tempered his enthusiasm over progress made this year in lowering unemployment.
“The U.S. economy seems still to be chugging along with modestly above-trend growth,” Tarullo said Monday in an on Bloomberg Television. “We’ve certainly seen continued improvement in the labor market, but the environment for inflation is still one where there is still a lot of uncertainty.”