Fed’s Quarles: sees further gradual rate hikes as ‘appropriate’

Ross J Burland FXStreet

Fed’s Quarles has been hitting the wires in the US afternoon who sees further gradual rate hikes as ‘appropriate’.

Other comments (Live Squawk):

Fed to be ‘very focused’ on meeting dual mandate.
Fiscal policy expected to provide considerable momentum to growth.
‘Real possibility’ us econ. Could shift to higher growth.
Recent investment data has been encouraging.
Inflation expected to rise to target as transitory headwinds fade.
Sees some upside risks to us economy.
Deficit spending can have long-run negative effects.
Still to be seen if faster growth will spur inflation.

Key notes:

Fed: Powell to remain in the limelight - BBH
Powell Preview: Unleashing the hawks or downing the Dollar?
Fed: Hard to see Chair Powell flipping the policy script and lifting the USD - ING

About Fed's Keith Quarles:

Keith Quarles is a member and vice chair for supervision of the Federal Reserve Board of Governors since October 2017. His term as Vice Chairman for Supervision ends on October 13, 2021.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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