Fed's Quarles: 'Very comfortable' remaining patient at this point

Author: Adam Button | Category: Central Banks

Comments from Quarles in New York

  • Core inflation near 2%, overall inflation muted
  • His estimate of neutral is above where the Fed is now
  • Current vulnerabilities not outside their normal range
  • Watching data as some indication growth has slowed
  • Optimistic on US outlook, can maintain healthy growth
Quarles said interest rate hikes may yet be needed.

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