US Federal Reserve board member Daniel Tarullo on the wires talking to Bloomberg tv
- global economy has not deteriorated as some thought at Sept meeting
- still a lot of uncertainty on inflation, not near to Fed target
- probably too much attention paid to particular months, rather than path of rate rises
- when Fed does raise rates it's important to watch carefully for effect on inflation
- hard to overlook the fact that market and survey-based measures of expectations are near historic lows
- Fed montoring carefully assets and leverage of assets
Tarullo expressing caution as decision time looms lever larger
Tarullo seeking inspiration from a higher plane
