Fed’s Tarullo looking for more evidence on inflation
Daniel Tarullo wants to see more convincing evidence inflation is returning to target
Daniel Tarullo wants to be "more convinced" that the underlying inflation rate in the US is around 2% before sanctioning further interest rate hikes, he said today (July 6).
Tarullo, a member of the Federal Reserve's board of governors, said he had thought it appropriate "for some time now" to wait for "more convincing evidence" of inflation returning to target. Inflation must increase sustainably, he said at a Wall Street Journal event.
Addressing monetary policy divergence across the major
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