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Fed's Tarullo on CNBC: Right now, expectation is not appropriate to raise rates
•Financial system now safer •Financial institutions are able to operate in sensible fashion. •Some lending sectors are doing well •It is not the policy of the Fed to be smaller •Large institutions should internalize potential risks •Been in a moderate elongated economy •Growth not too much about trend •Made fair amount of progress but not enormous momentum •We're in globally disinflationary environment •Inflation running below target in global disinflationary environment •Should look for tangible evidence of wage pickup •Been some years since inflation has approached target •On inflation, ... (full story)
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- Oct 13, 2015 3:22pm Oct 13, 2015 3:22pm
- Bankerssuck
- | Membership Revoked | Joined May 2014 | 534 Comments
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- Oct 13, 2015 6:20pm Oct 13, 2015 6:20pm
- anton.olff
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments
"The market can remain irrational longer than you can remain solvent"