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.
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