News about Jerome Powell

Waller addresses the critique that the Fed is "overly data dependent" This "doesn't make sense to me" given how little the SEP has changed between over the last 12 months Terminal rate projection was consistently around 5.1%-5.6% Q4 2024 rate has been around 4.7%, +/- 0.4 pp pic.twitter.com/rhpCvhrGoM

Fed governor Chris Waller: -Rate hikes "probably unnecessary" -Several more months of good inflation needed for cuts "If I were still a professor and had to assign a grade to [the April CPI], it would be a C+ — far from failing but not stellar either" www.wsj.com/livecoverage/stock-market-today-dow-jones-05-21-2024/card/the-april-inflation-report-gets-a-c-from-fed-s-waller-G66YVErFr1plUJAHAsIS

#Fed Governor Waller says "in the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy" www.bloomberg.com/news/articles/2024-05-21/fed-s-waller-needs-several-more-months-of-good-inflation-to-cut-rates?utm_source=website&utm_medium=share&utm_campaign=twitter

FOMC MINUTES: OFFICIALS STILL THINK MONETARY POLICY IS RESTRICTIVE, BUT UNCERTAIN ABOUT DEGREE FOMC MINUTES: SOME OFFICIALS THINK HIGH INTEREST RATES ARE HAVING SMALLER EFFECT THAN PREVIOUSLY