Fed's Tarullo: ADP confirms solid trend in growth

CNBC have wheeled out Dan Tarullo for ADP coverage

  • ADP numbers augurs well for Q2 GDP

  • Was within consensus for FOMC views on the path of rates

  • It's sensible to start thinking about Fed balance sheet moves

It's very rare that we get comments like this from Tarullo and he's Mr rule's & regs usually.

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