1335 GMT / 0935 US Eastern time:
Federal Reserve Board Governor Christopher Waller speaks before the Reykjavik Economic Conference
Waller spoke on Tuesday, dialling back the hawkishness:
“recent data on the economy indicate that restrictive monetary policy is helping to cool off aggregate demand and the inflation data for April suggests that progress toward 2 percent has likely resumed. Central bankers should never say never, but the data suggests that inflation isn’t accelerating, and I believe that further increases in the policy rate are probably unnecessary.”
Waller believes that rates are restrictive enough to not hike again. That is a widely held view amongst Fed officials.
This article was written by Eamonn Sheridan at www.forexlive.com.1335 GMT / 0935 US Eastern time:Federal Reserve Board Governor Christopher Waller speaks before the Reykjavik Economic ConferenceWaller spoke on Tuesday, dialling back the hawkishness:“recent data on the economy indicate that restrictive monetary policy is helping to cool off aggregate demand and the inflation data for April suggests that progress toward 2 percent has likely resumed. Central bankers should never say never, but the data suggests that inflation isn’t accelerating, and I believe that further increases in the policy rate are probably unnecessary.”Waller believes that rates are restrictive enough to not hike again. That is a widely held view amongst Fed officials.
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreCentral Banks
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