Fed's Quarles: Gradual rate hike strategy ‘still appropriate’

Eren Sengezer FXStreet

Below are some key takeaways from the speech delivered by Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, at the Economic Club of New York Luncheon, New York, New York.

Economic conditions are as close to meeting the Federal Reserve's dual mandate for monetary policy as they have been in a long time.
Cannot rely solely on inflation to gauge state of economy.
Gradual rate hike strategy ‘still appropriate’.
The more the economy's potential growth increases, the more gradual we can be in our removal of monetary policy accommodation.
Reasons for optimism for higher potential growth rate.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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