Federal Reserve Board Governor Christopher Waller with more:
Economy has supported Fed’s cautious approachCase for hiking rates is very remoteUnclear if neutral rate has changedDollar is still the dominant currency by farThe economy is not giving the Fed a case to pursue big rate cuts Supply chain issues have abated in positive inflation developmentBaltimore port disaster is unlikely to cause big economic disruptionsStill expects inflation pressures to wane
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Earlier:
Fed’s Waller says may need to hold current rate for longer than expected, no rush to cut
Waller is over there in the Hawkish corner
This article was written by Eamonn Sheridan at www.forexlive.com.