Feds Wallers makes comments on the economy
The Feds Waller is speaking on "central bank digital currencies" but is answering some questions about the economy. He says:
- He is optimistic on the outlook for the US economy coming out of the pandemic
- as high hopes for the jobs report coming out Friday and next month
- US economy really lost 20 million jobs in terms of people who will come back] this is a rapidly progressing economy and labor market and it's going to do well in the next 16 – 18 months
- the Fed may be able to pull back on the accommodative monetary policy sooner than some think
- he is hearing concerns from business contacts saying they have no problem passing on costs through higher prices
- his base cases that inflation will pull back
The comments are consistent with those made earlier this week. Waller is a voting member on the FOMC virtue of the fact that he is a governor.
