Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases while it watches progress unfold in its efforts to bring down inflation. With the Fed set to meet again in two weeks, Waller said he is weighing recent data points against each other to see whether the central bank is succeeding in bringing down demand and slowing inflation, or if the economy continues to show resilience and pushes harder on prices. “As of today, it is too soon to tell,” he said in prepared remarks for a speech in London. “Consequently, I believe we can wait, watch and ... (full story)