Fed's Waller says officials can 'wait, watch and see' before acting on interest rates
Publishing timestamp: 2023-10-18 12:42:27
Summary
Federal Reserve Governor Christopher Waller indicated that the central bank can afford to hold off on interest rate increases as it monitors incoming data. He stated that it is too soon to determine whether the central bank's efforts to bring down inflation are successful or if the economy continues to show resilience. Waller mentioned that recent economic reports have been positive, but officials are cautious about potential head fakes on inflation. He also noted that if the real economy weakens, there may be room to delay further rate hikes, but if the economy remains strong and inflation stabilizes or accelerates, more policy tightening may be necessary.
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