Federal Reserve Board Governor Christopher Waller
- expect tariffs to have modest and non-persistent impact on prices that Fed should try to look through in setting policy
recent CPI disappointing, but could be the result of seasonal adjustment issues
expect disinflation and rate cuts to resume this year
not putting much weight on January retail sales given impact of cold weather
labor market remains strong, solid growth appears to be continuing in first quarter of 2025
Fed cannot let uncertainty about policy paralyze action that is otherwise appropriate, must be guided by data
Headlines via Reuters
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Waller setting himself up to cut further. There was no guide to timing in his comments, apart form more cuts 'this year'. Thee are 10.5 months to go so that doesn't really narrow it down. Data dependence he says. K, tks.
Chris Waller
