Federal Reserve Board Governor Christopher Waller speaks on his economic and policy outlook before the Money Marketeers of New York University.
Headlines via Reuters:
- Favors raising rates at the July Federal Open Market Committee (FOMC) meeting
- Increasingly
confident banking stress won’t derail the economy - Fed likely to need
two more 25 basis point rate hikes this year - Cooler CPI data is welcome but need to see if it is sustained
- Inflation has shown
false dawns before - Banking sector is
strong and resilient - While the job market has
slowed, it remains very strong - Monetary policy
changes are moving through economy more quickly - Bulk of past rate
hikes already have impacted economy - Fighting inflation
remains main goal, Fed will succeed - Jobs, economic
strength gives the Fed space to hike further