Adam had the main points from Federal Reserve Board of Governors Christopher Waller. waller spoke at an event in Europe on Monday.
- The only asset as a central banker to fighting inflation is credibility
- Without credibility, inflation expectations will become unanchored
(More at Adam's post linked above).
On Waller's immediate outlook for Fed policy:
- "If inflation doesn't go away, that... rate is going a lot higher, and soon,"
Full text is here:
Speech by Governor Waller on the economic outlook and thoughts on a soft landing
