Fed governor says measured rises could continue

Federal Reserve Governor Edward Gramlich said on Thursday 26 May it was a possibility that the Federal Reserve could continue to raise US interest rates at a measured pace.

"It's possible," Gramlich told reporters on the sidelines of a conference in Paris.

"The numbers have been pretty good lately. We will meet and assess things," he added. "To me it looks like the inflation numbers are reasonably well behaved and the output numbers have been coming in reasonably robustly as well."

Gramlich said

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