Waller
  • SVB failure did keep estimate of terminal Fed funds from rising more
  • Inflation exploded on us at the end of 2021 because inflation was screaming
  • We need to get core inflation down, it's been sideways but rents move with a lag
  • What we're hearing in the data isn't really supply chain problems, it's demand
  • The US dollar as a reserve currency and basis of trade is voluntary arrangement
  • I don't think there's a serious threat to the US dollar, the euro didn't even come close