Central Banks
Fed’s Waller Signals Support for Keeping Interest Rates Steady
- Waller says can’t say for sure policymakers have done enough
- Fed’s Bowman says continues to expect rates will move higher
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Federal Reserve Governor Christopher Waller said he’s encouraged by a recent slowing of economic activity, which may indicate the central bank’s policy is tight enough to contain inflation that still remains too high.
“I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%,” Waller said Tuesday in prepared remarks for an event at the American Enterprise Institute in Washington. “I am encouraged by what we have learned in the past few weeks — something appears to be giving, and it’s the pace of the economy.”