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.”
Market reaction
The greenback remains on the back foot after these comments and the US Dollar Index was last seen losing 0.15% on the day at 91.53.
Share
