The Fed: U.S. economy ‘ready to rip,’ new Fed governor says
The U.S. economy ‘is ready to rip’ but there is no need to start pulling the plug on central bank support, said new Fed Governor Christopher Waller on Friday.
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4/16/2021 2:39:27 PM GMT | By Eren Sengezer
In an interview with CNBC on Friday, Fed Governor Christopher Waller said that they are happy to let inflation rise above 2%, as reported by Reuters.
Additional takeaways I don t think anyone would be comfortable if inflation got to 3% or above and stayed there a while. Dot plot is a problem right now. It s all about outcomes; we shouldn t be doing calendar-based forecasts. Markets are getting ahead of themselves in terms of expecting rate hikes. If measuring by levels, we are still in a recession. I m thinking about it in levels, not growth rates.
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