Fed’s Quarles: We are moving up to the bottom of neutral rate range

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.