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Fed Member Details

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Daniel Tarullo

Federal Reserve Governor

Policy Stance Dovish
Voting Member Yes
Date Assumed Current Office 04/27/2015
Rate Outlook
Tarullo's most recent comments on interest rates indicate he is comfortable with the Fed's ultra-easy monetary policy. Given the intermittent nature of the U.S. recovery, "It seems less likely that we will experience a growth spurt in the next couple of years that would engender concerns about rapid wage pressures and changes in inflation expectations," Tarullo said in 2014. Tarullo has been focused on regulation of the banking system. He wants systemically important financial institution to be subject to tougher capital, liquidity and other rules.
Biography
Tarullo was born in Boston, Massachusetts, and received a B.A. from Georgetown University in 1973 and an M.A. at Duke University in 1974. He graduated summa cum laude in 1977 from the University of Michigan Law School. Mr. Tarullo was Professor of Law at Georgetown University Law Center, where he taught courses in international financial regulation, international law, and banking law. Prior to joining the Georgetown Law faculty, Tarullo held several senior positions in the Clinton administration. From 1995 to 1998, Tarullo also served as President Clinton's personal representative to the G7/G8. He was just reappointed to another two-year term as chairman of the Committee on Supervisory and Regulatory Cooperation of the Financial Stability Board.