US Federal Reserve board member Daniel Tarullo on the wires talking to Bloomberg tv

  • global economy has not deteriorated as some thought at Sept meeting
  • still a lot of uncertainty on inflation, not near to Fed target
  • probably too much attention paid to particular months, rather than path of rate rises
  • when Fed does raise rates it's important to watch carefully for effect on inflation
  • hard to overlook the fact that market and survey-based measures of expectations are near historic lows
  • Fed montoring carefully assets and leverage of assets

Tarullo expressing caution as decision time looms lever larger

Tarullo seeking inspiration from a higher plane