Member of Fed's board of governors (permanent voting rights)
More from Fed Gov. Waller (permanent voting member)
- Fed will not respond to inflation is much as would have in the past
- Higher asset prices are necessarily bubble
- Watching housing prices carefully, but some of this is driven by fundamental changes in demand. Not concerned of a bubble
- Expects 2.25% or 2.5% inflation for next two years
- If were to see 4% inflation, month in and month out, would get very concerned
- Fed will not raise rates until see inflation above target for a long time
- Hasn't seen anything that should cause a reversal in forward guidance as of now
- add massive productivity boost during Covid. Don't see those gains going away
Waller is a permanent voting member on the board of Governors of the Federal Reserve.
The NASDAQ index has turned negative for the first time today
