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Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think
Thank you. Whenever I get such a warm welcome, I always say to myself, "Waller, they really aren't here for you or your sparkling personality. They're here for your outlook."1 Which is fine, because accurately communicating my economic outlook is an important part of my job. Tonight, in addition to providing new information about my outlook based on new data, I also want to clarify my views on how the economy has been operating over time and my view of appropriate monetary policy. Doing so can help the public anticipate how I will react to new developments, not just at the next meeting of the Federal Open Market ... (full story)
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Fed's Waller: Favours Raising Rates At July FOMC Meeting
— LiveSquawk (@LiveSquawk) July 13, 2023
- Likely To Need Two More 25Bp Rate Hikes This Year
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FED'S WALLER: INFLATION HAS PREVIOUSLY EXHIBITED FALSE DAWNS.
— Breaking Market News (@financialjuice) July 13, 2023