Tarullo Says Weak Inflation Clouding Fed's Rate-Hike Outlook
- Says potential chair change reason to start on balance sheet
- Tarullo says reappointing Yellen ‘would be great’ for U.S.
Ex-Fed Governor Tarullo Warns of CFPB, Capital Changes
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Former Federal Reserve Governor Daniel Tarullo said weak inflation could weigh on the central bank’s discussions about whether to raise interest rates again, with only little risk that prices will surge out of control.
“People are thinking about what’s going on with inflation,” Tarullo, who stepped down from the Fed on April 5, told Bloomberg Television’s David Westin on Monday. “We don’t know whether in the next couple of meetings those concerns will be strong enough that the Fed will hold off from another rate increase or not.”