April 10, 2014 / 12:45 AM / in 4 years

U.S. recovery 'reasonably well grounded' -Fed's Tarullo

WASHINGTON, April 9 (Reuters) - The U.S. economic recovery looks “reasonably well grounded” as it progresses, a top Federal Reserve official said on Wednesday, adding that easy monetary policies have helped it along.

Fed Governor Daniel Tarullo, who rarely speaks out about policy, told a dinner forum that while the pace of the recovery from recession has been less than desired, the monetary stimulus has had “demonstrable” positive effects on rate-sensitive sectors such as housing and automobiles. (Reporting by Jonathan Spicer; Editing by Eric Walsh)

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