Dallas Fed President (not a voter) speaking on Fox Business

He adds:

  • jobs report shows there is a tight labor market
  • Fed ought to be moving toward a neutral rate, raising Fed funds rate at least 3 - 4 times over the next 9 - 12 months
  • he is closely watching how trade tensions are affecting emerging-market stability
  • still believes structural drivers will mute overall inflation pressures but welcomes wage growth numbers
  • the oil market is now in relatively supply and demand balance
  • Impact of fiscal stimulus will fade in 2019 and 2020