Fed's Tarullo: I've been characterized in the 'show-me' camp

Author: Adam Button | Category: Central Banks

Tarullo on CNBC

  • I'm not going to comment on timing of rate hikes
  • ISM surveys suggest some grounds for questioning
  • Labor market has basically been flat for awhile
  • Consumer spending has held up pretty well
  • You want to be looking at overall economic momentum
  • Don't want to be backward looking on economy
  • Wants to see actual evidence that inflation will rise
  • Want to see evidence inflation can be sustained at 2%
  • Answer to low-rate risks isn't necessarily to hike

Tarullo with a dovish push-back here. He seems firmly against a hike now and he's a governor.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose