Fed’s Tarullo Signals Patience on Rates for More Inflation Cues
- Labor market has been basically flat for a while, he says
- Right now, optimal to look to see actual evidence of inflation
Former Fed Official Stern on Fed Communication
This article is for subscribers only.
Federal Reserve Governor Daniel Tarullo signaled he’s willing to be patient before deciding the economy has enough momentum to raise interest rates, while declining to rule out the possibility that he and his colleagues could move before the end of the year.
“I wouldn’t foreclose that possibility,” Tarullo said on CNBC when asked about a 2016 rate increase. “It’s important for all of us, in going into each meeting, to remain open to the possibility that momentum has changed, that expectations have changed, and thus for us to change our own views.”