-
Fed's Waller: The Job on Inflation Is ‘Not Done,' It Might Be a ‘Long Fight’; Interest Rates May Stay Higher for Longer
Fed's Waller:
— *seven (@sevenloI) February 8, 2023
- The Job on Inflation Is ‘Not Done,' It Might Be a ‘Long Fight’
- Interest Rates May Stay Higher for Longer Than Some Are Currently Expecting
- U.S. Economy Adjusting Well to Higher Interest Rates
-
Fed's Waller:
— *seven (@sevenloI) February 8, 2023
- Some Moderation Seen in Compensation Growth, but Not Enough
- Recent Trend in Inflation ‘Encouraging’ but Need to Be Confident Inflation Is Declining in Sustained Manner
- He Needs to See Continued Moderation in Inflation Before His Outlook Changes
-
Waller: The Inflation Rate for Necessities: A Look at Food, Energy and Shelter Inflation
Thank you, Bert, and thank you for the opportunity to talk about where the economy is heading, what the Federal Reserve is doing to get inflation back down to our 2 percent goal, and how all that is likely to affect American agriculture.1 The big picture is that the U.S. economy is adjusting well so far to the higher interest rates that are necessary to rein in inflation. But inflation remains quite elevated, and so more needs to be done. Although economic activity slowed in 2022, I expect the Fed will need to keep a tight stance of monetary policy for some time to slow activity further in 2023. That is what I ... (full story)