Waller said he needs to see 3-5 more good inflation prints to be comfortable with rate cut. That wasn't in this video. Can't believe they'd cut short an interview video with a Fed official.
Fed Governor Christopher Waller: “I do not expect to see the U.S. dollar lose its status as the world’s reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance". What sort do you expect him to say? That the doom is near?
The r* concept is a joke. US economy isn’t running on overnight rates. Corporates and public have termed out their debts (corporate bond market and mortgages) so the effective real rate is actually much lower. If inflation is running 3.5 percentage right now annualized based on MoM numbers and I have locked in a 3.5% mortgage then the real rate is zero.
Waller said he needs to see 3-5 more good inflation prints to be comfortable with rate cut. That wasn't in this video. Can't believe they'd cut short an interview video with a Fed official.
Don't think we need rate cuts either.
He needs to make sure you lose your job due to higher rates so you don’t spend money and things get cheaper 😢
Yep … better that than to have everything go up indefinitely until the bubble pops and then we’re lining up for gas
Cutting rates it stupid
Fed Governor Christopher Waller: “I do not expect to see the U.S. dollar lose its status as the world’s reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance".
What sort do you expect him to say? That the doom is near?
The r* concept is a joke. US economy isn’t running on overnight rates. Corporates and public have termed out their debts (corporate bond market and mortgages) so the effective real rate is actually much lower. If inflation is running 3.5 percentage right now annualized based on MoM numbers and I have locked in a 3.5% mortgage then the real rate is zero.