Earlier:
Fed's Waller wants continued rate hikes until meaningful, persistent progress on inflation
Governor Christopher Waller is a member of the Federal Reserve Board of Governors, more remarks:
- the longer inflation stays up and the more aggressive the Federal Reserve has to be the less likely a soft landing will be
- I think there is a chance we can pull off a soft landing
- want to get rates positive so they have a real bite on inflation
- market are expecting real rates to be positive and to continue to rise next year
- had much more faith in achieving a soft landing back in May and June
- we are not getting the break on inflation that we all thought we we would
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Compulsory chance meme pic:
