Fed's Waller (voter) says at a minimum they need to take back the three insurance cuts. But, he is not "super hawkish", does not want to "slam" the US economy
ORIGINAL · NewsquawkFed's Waller (voter) says at a minimum they need to take back the three insurance cuts. But, he is not "super hawkish", does not want to "slam" the US economyRead originalHide original
Not looking to tighten by 150bps or 200bps. The balance sheet is not a tool that will be used for tightening. Does not think his peers on the Fed believe rates are in the correct place. Recent pullback in market pricing for the Fed has moved it to be more in-line with the Fed's view.
Waller called for reversing at least three insurance cuts but rejected very large tightening; in separate remarks, he outlined conditional 25- or 50-basis-point December hike scenarios.
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Not looking to tighten by 150bps or 200bps. The balance sheet is not a tool that will be used for tightening. Does not think his peers on the Fed believe rates are in the correct place. Recent pullback in market pricing for the Fed has moved it to be more in-line with the Fed's view.
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