1335 GMT / 0935 US Eastern time:
- Federal Reserve Board Governor Christopher Waller speaks before the Reykjavik Economic Conference
Waller spoke on Tuesday, dialling back the hawkishness:
- “recent data on the economy indicate that restrictive monetary policy is helping to cool off aggregate demand and the inflation data for April suggests that progress toward 2 percent has likely resumed. Central bankers should never say never, but the data suggests that inflation isn’t accelerating, and I believe that further increases in the policy rate are probably unnecessary.”
Waller believes that rates are restrictive enough to not hike again. That is a widely held view amongst Fed officials.
