[ad_1]
Federal Reserve governor Christopher Waller, who has been a key voice pressing the central bank to continue to raise interest rates to cool inflation, now says he doesn’t see the need for any quick action.
Recent economic data indicate the Fed “can proceed carefully,” Waller said, which he noted was in line with Fed Chair Jerome Powell’s speech at the bank’s annual summit in Jackson Hole, Wyo., late last month.
“There is nothing that is saying we need to do anything imminent, anytime soon, so we can just sit there [and] wait for the data,” Waller said.
The Fed will next meet Sept. 19-20.
Traders in the derivative markets seem convinced the Fed will pause at that meeting.
The 10-year Treasury yield
BX:TMUBMUSD10Y
inched up to 4.22% in early trading. Stocks
DJIA
SPX
were set to open mixed after the long holiday weekend.
[ad_2]
Source link
