Fed's Waller: We think we can raise rates and not have a big impact on unemployment

• We are trying to get the jobs market back to equilibrium, right now it's out of whack
• Could pull back demand for labor and that would be a good thing
• If we get some help from supply chain resolution, that's fantastic, but won't count on it
• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is too high, my job is to get it down
• This is the time to hit with rate increases, because the economy can take it
• Do it now, front load it

There's clearly a coordinated communications strategy around talking down the jobs market prospects due to rising rates. He's the third Fed member to specifically mention it today.