Fed's Waller on CNBC
- The data looks like we don't need to raise rates
- Look toward rate cuts toward the end of the year
- We need to really make sure inflation is on its way down toward targets
- Cuts will be dependent on the data
- We are going to see policy start to put more downward pressure on demand.
- Is deficit spending going to start to influence rates going up? That is what the concern is.
- $50 billion of additional spending is not a lot in a $28 trillion economy
- Independence has served the Fed well. It keeps us thinking long-term.
- We are still accountable to the American people and to Congress.