More evidence of inflation is needed – FOMC’s D.Tarullo

At today’s appearance on CNBC, FOMC’s Daniel Tarullo (voter) has reiterated he needs to see more evidence that consumer prices are heading towards the Fed’s 2.0% inflation target on a sustainable basis.

Following his comments on inflation, Tarullo did not rule out a rate hike this year, falling in line with recent comments by some of his FOMC peers.

DXY eased from session highs near 95.60 in the wake of Tarullo’s comments, although it keeps the bullish bias so far.