Fed’s Tarullo Says It’s Time to Talk Hikes to Avoid Overheating
- Rising inflation and wages make for ‘different situation’
- He spoke after Rosengren signaled the Fed may hike in December
What Should Investors Expect From Fed in Dec.?
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Federal Reserve Governor Daniel Tarullo, who has strongly favored keeping benchmark interest rates low to spur additional job growth this year, signaled he’s now more open to raising borrowing costs.
“The discussion of when is the appropriate moment for raising rates in order to prevent the economy from overheating too much is now, from my point of view, more on the table than it may have been before,” Tarullo said Tuesday at an economic and political forum in Washington, adding, “I still think there are grounds for caution.”