Governor Waller Supports Removing Easing Bias From FOMC Post-Meeting Statement

Fed Governor Christopher Waller expressed support for removing the FOMC's easing bias, signaling that rate hikes could return to the table if inflation does not improve.

Key Takeaways

• 1.Fed Governor Waller supports removing the implicit easing bias from the FOMC's post-meeting statement.
• 2.Waller no longer rules out rate hikes if inflation fails to abate or expectations become unanchored.
• 3.The FOMC has recently become more reluctant to cut rates and more open to the possibility of hikes.

Table of Contents

• BOTTOM LINE
• MAIN POINTS
• Disclosure Appendix
• Reg AC
• Disclosures
• Global product; distributing entities
• General disclosures

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