Central Banks
Waller Says Fed Can ‘Watch and See’ as Financial Markets Tighten
- Treasury yields have surged since September policy meeting
- Governor notes progress in inflation, softer wage growth
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Federal Reserve Governor Christopher Waller said the US central bank can watch and see what happens before taking further action with interest rates as financial markets tighten.
“The real side of the economy seems to be doing well. The nominal side is going in the direction we want. So we’re in this position where we kind of watch and see what happens on rates,” Waller said Wednesday at the annual E2 Summit in Park City, Utah.