Fed Governor Waller indicates he will support holding rates steady at September meeting
Waller said the Fed could hold rates if next week’s price reports show no reversal, as inflation remains above the 2% target.
- Federal Reserve Governor Christopher Waller indicated Thursday he will support holding interest rates steady at the September meeting, provided incoming inflation data shows no surprises.
- These remarks contrast with comments Chairman Kevin Warsh made last week at the Jackson Hole, Wyo., symposium, where Warsh argued recent softer inflation readings "do not tell me that underlying trends have meaningfully improved."
- Though July headline inflation was 3.7% and core at 3.3%, Waller noted the three-month rate slipped from 4.76% to 3.05%, describing this trajectory as "a considerable improvement, and the speed of this downward trajectory is encouraging."
- Waller warned policy is only "slightly restricting aggregate demand," adding that if inflation reverses, "a small adjustment in our stance would help ensure that it resumes."
- The Fed awaits consumer and producer price indexes from the Bureau of Labor Statistics next week, which will be critical ahead of the September 15-16 meeting.
21 Articles
21 Articles
Fed’s Waller says central bank’s next rate move depends on upcoming inflation report – WTOP News
WASHINGTON (AP) — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller said he would be...
Fed's Waller says central bank's next rate move depends on u
WASHINGTON (AP) — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation
Winnipeg Free Press
Fed's Waller says central bank's next rate move depends on upcoming inflation report
WASHINGTON (AP) — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.
Fed’s Waller open to leaving rates unchanged at September meeting if inflation cools
By Michael S. Derby and Howard Schneider WASHINGTON, Sept 3 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday that if upcoming data confirms inflation pressures are cooling off, he is inclined to argue in favor of keeping interes...
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