Fed Governor: Not “Appropriate” to Raise Rates Now – NMP Skip to main content

Fed Governor: Not “Appropriate” to Raise Rates Now

Phil Hall
Oct 13, 2015
Federal Reserve Building

The likelihood of an interest rate hike by the Federal Reserve grew dimmer today as Fed Governor Daniel Tarullo expressed doubt that such an action would occur.

While noting that there was “no question we've made progress in the labor market” and that the potential for a rate hike was not completely off the table, Tarullo was clear that the likelihood of it happening before the end of the year seemed unlikely.

“I wouldn't expect it would be appropriate to raise rates,” said Tarullo this afternoon in a CNBC interview.

Tarullo cited a “good bit of uncertainty” in the overall global economy, coupled with the potential impact on inflation created by falling energy prices and an overly robust U.S. dollar. He added that wanted to confirm if there was “tangible evidence” of inflation picking up and approaching the Fed's two percent target range before any rate hike could go forward.

Tarullo is a voting member of the Federal Open Market Committee (FOMC), the central bank’s policy-making arm.

Published
Oct 13, 2015
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021