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MNI BRIEF: Fed's Quarles Watching Inflation Expectations

(MNI) WASHINGTON
WASHINGTON (MNI)

Fed Vice Chair Randal Quarles said Wednesday the U.S. central bank might have to reconsider its policy stance if inflation expectations remain elevated for a prolonged period, as MNI reported last week.

"If at this time next year you were still seeing surveys of inflation expectations substantially over 2-½% -- and that is not what I expect -- then I might be saying, ok the world seems to be evolving in a different way and maybe that's long enough that that starts to durably affect expectations," Quarles said.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USFederal Reserve Balance Sheet Market NewsFED Bank Board of Directors Market NewsPolicy NewsFederal ReserveHomepageCentral Bank NewsUnderstanding FOMC Market NewsFED (Federal Reserve) Market NewsBriefStoryRegionNorth America
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USFederal Reserve Balance Sheet Market NewsFED Bank Board of Directors Market NewsPolicy NewsFederal ReserveHomepageCentral Bank NewsUnderstanding FOMC Market NewsFED (Federal Reserve) Market NewsBriefStoryRegionNorth America

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