Stay updated with breaking news from Waller Says. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bowman Signals Support for More Rate Rises; Fed Shouldn't Give Climate Concerns Special Focus, Waller Says; Glut of Empty Offices By Perry Cleveland-Peck Good day. At the Federal Reserve's meeting in March, most officials projected holding rates st... | 07:16am
<p><span>I want to thank the organizers for inviting me to speak here today. The discussion has focused on the following question: "How did the Fed get so far behind the curve?" My response is to relate how my view of the economy changed over the course of 2021 and how that evolving view shaped my policy position. When thinking about this question, there are three points that need to be considered. First, the Fed was not alone in underestimating the strength of inflation that revealed itself in late 2021. Second, to determine whether the Fed was behind the curve, one must...