Federal Reserve Chair Jerome Powell in mid-December announced an interest-rate increase of 0.5 percentage point and said the Fed expects that more rises will be appropriate.
Photo: Al Drago/Bloomberg NewsA Federal Reserve official said Friday he would support a slower pace of interest-rate increases at the central bank’s next meeting,Fed governor Christopher Waller, who was an early supporter of rapid rate increases last year, said the economy and the outlook for inflation were evolving in a way that would allow the central bank to continue slowing the pace of rate rises. The Fed raised rates by 0.
And a 'short and shallow' recession, IF we have one? So he has a sense of humor, good. I can't imagine why we're in fiscal Armageddon with geniuses like this and Brainard at the helm.
Inflation will never get under control with the likes of Christopher Waller ,housing still has way long to go .
“I’m okay if I’m wrong..” is another comment he made. He uses his hand to illustrate the direction of inflation crashing but it’s really the direction of the economy going into a recession.
Oil wti calls are making babies!