Chris Waller
- We should cut at the next meeting
- We don't have to cut at every meeting
- I'm not worried about tariff inflation but people are
- You know you're going to have a surge in inflation from tariffs but it's not permanent
- We can always adjust the pace of rate cuts based on incoming data
- We want to get to neutral -- say cutting 100-150 bps -- but we don't know how fast we will get there
- My other colleagues think we have a higher neutral rate
- The independence of the Fed is critical for everything we do
- I think no matter what, the Fed will maintain its independence
- I've met with Bessent in the past but it wasn't an interview for the Fed job
- Tariffs are a tax and taxes aren't typically good for growth
- You're going to get some slow growth out of tariffs but I don't see a recession
