Comments from the Fed's Tarullo
Does not accept the secular stagnation argument as a reason for rate setting
Brexit is a factor for rate decision
Brexit is more an implication about the impact of markets
"In the short term it is more a question of the immediate impact on markets," Tarullo said in a Bloomberg TV interview. "If there are implications for growth over time, to the degree it's a factor (in the June rate decision) it's taking into account what will happen in financial markets and the immediate aftermath of the vote."
Tarullo also said there is room for improvement in the labor market, saying "there is a possibility of getting more employment and higher wages."
That final comment is a hint at dovishness.
