Fed Governor Daniel Tarullo: "I wouldn't expect it to be appropriate to raise rates this year"

Fed Governor Daniel Tarullo was on CNBC today: Fed's Tarullo: Not appropriate to hike rates based on current environment The U.S. economy likely would not support an interest rate hike this year without signs inflation and wages are increasing, a top Federal Reserve official told CNBC on Tuesday. "I wouldn't expect it would be appropriate to raise rates," Fed Governor Daniel Tarullo said. Another quote via Neil Irwin : "Probably wise to not be counting too much on past correlations, things like the Phillips Curve" This is the second Fed Governor in two days to argue it is appropriate to wait......(read more)

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