Federal Reserve's Randal Quarles speaks in Tokyo
- US monetary policy remains accommodative
- US economy is performing very well
- Anticipates further gradual rate increases
- Small divergences on inflation target is not a great concern
- Soft inflation likely transitory
- Investment drought that has afflicted US economy may be breaking
- Recent US tax and fiscal policy could help sustain economy's momentum
- Recent volatility in equities show that assets prices can move rapidly and unexpectedly
He's speaking in Tokyo on the global economy. Nothing new from his comments though. Pretty much what the Fed has been preaching all this while, and no different from the FOMC minutes released yesterday here.
