According to the Associated Press, Federal Reserve Chair Waller stated on Friday that the inflation rate remains too high. He hinted that in order to bring down inflation, the central bank may need to raise interest rates in the coming months. This statement reflected his view of the economic situation more clearly than his previous remarks. At the Jackson Hole annual meeting, in his prepared speech, Waller acknowledged that recent inflation data suggests a slowdown in inflation, but “these dat

According to the Associated Press, Federal Reserve Chairman Waller stated on Friday that the inflation rate remains too high. He suggested that in order to lower inflation, the central bank may need to raise interest rates in the coming months. This statement more clearly reflects his views on the economic situation compared to his previous remarks. At the annual Jackson Hole meeting, in his prepared speech, Waller acknowledged that recent inflation data indicates some slowdown in inflation, but “these data do not show a significant improvement in the overall trend.” “We must be confident that underlying inflation is moving toward our target, otherwise there is still much work to do.” On Friday, Waller continued to express skepticism about forward guidance, and was even unwilling to reveal his overall thinking on interest rate policy. However, he did point out that the current level of interest rates is not hindering economic activity.