Waller urges Fed to remove easing bias from statement
Waller urged the Fed to remove its easing bias as inflation remains at 3.8 percent. His remarks came as Kevin Warsh was sworn in as the new central bank chair.
Xurve View
Insights:
Xurve View
Federal Reserve Governor Christopher Waller called for the removal of the central bank's easing bias on Friday, signaling a potential shift toward interest rate hikes. The pivot follows April inflation data reaching 3.8% and showing signs of broadening across the United States economy. Waller's hawkish stance suggests the era of anticipating near-term rate cuts has ended as price pressures persist.
