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Adding to his earlier comments, the Fed Governor Randal Quarles was further noted saying that neutral rate is a useful concept in helping monetary policy.

Additional quotes:

   “¢   Neutral rate not a terribly precise concept.
   “¢   Focusing on neutral rates can cloud communication.
   “¢   We are coming up to the bottom of the neutral rate range.
   “¢   Fed is doing pretty well on dual mandate goals.
   “¢   Where the Fed ends up depends on the performance of the economy.  
   “¢   Important Fed has a clear and clearly communicated strategy.
   “¢   There is a range of views on the FOMC about policy.