Speaking at an SNB event

  • Fed funds rate to be the primary policy tool over the next few years
  • It is not surprising that inflation hasn’t picked up more
  • The new normal for FFR is around 2.5%
  • Says he supports a gradual rise in rates
  • We have quite a bit of room to reduce rates in response to negative economic developments if needed
  • We are as close as we have been in my career to our goals on unemployment and inflation

Not much here to get USD traders pulses racing.

Ryan Littlestone

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