News list for " Waller"
Mr. Waller said that this week's CPI data was very good and that if more such data were available, the Fed could cut rates in the first half of the year, arguing that a cut in March could not be ruled out. If inflation falls, the Fed could cut rates more aggressively than market expectations.
Federal Reserve Governor Paul Waller: Support further rate cuts in 2025, but the pace of rate cuts will depend on further progress in inflation.
Federal Reserve Governor Paul Waller: Not satisfied with rising inflation, but don't want to overreact.
Federal Reserve Governor Paul Waller: I am inclined to support a rate cut in December.
Federal Reserve Governor Paul Waller: There is still "a long way to go" in the process of lowering the policy rate to a neutral level, and rate cuts are expected to continue in the next year.
On December 3, Federal Reserve Governor Paul Waller said he was inclined to support a rate cut at the Fed's meeting later this month, although he also said he might be open to the idea of keeping interest rates on hold. "Policy remains sufficiently restrictive that further rate cuts at the next meeting would not significantly change the stance of monetary policy and leave enough room for slowing the pace of rate cuts if necessary to maintain progress towards the inflation target," Waller said in...
Mr. Waller, the Fed governor, said he favoured a December rate cut unless the data were unexpected. Policy rates are restrictive enough that even a December cut would leave plenty of room to slow the pace of rate cuts as needed. If the data showed that forecasts of slower inflation were inaccurate, he would support keeping rates on hold in December.
Mr. Waller, the Fed governor, said stablecoins, which must be regulated to counter the risk of a run, were essentially a synthetic dollar that could benefit the financial system.
Mr. Waller, the Fed governor, said he still saw no need for a US digital currency and that it was too early to assess the impact of new technologies on frictions in the payment system, but that the private sector was well placed to explore these developments. The Fed's role, which includes supporting innovation while managing risks to financial stability, aims to promote the efficiency and security of payment systems that benefit households, businesses and the economy as a whole.
Federal Reserve Governor Paul Waller will speak in ten minutes.
Speaking at the Vienna Macroeconomics Symposium at the Institute for Advanced Study in Vienna, Austria, Federal Reserve Governor Paul Waller said distributed ledger technology (DLT) could be an efficient and fast way to record transactions in a 24/7 world.
Federal Reserve Governor Paul Waller said that since stablecoins are effectively digital currencies, they can reduce the need for payment intermediaries, which can reduce the cost of global payments. But their safety is not guaranteed, and if proper guardrails can be put in place to minimize operational risks and mitigate other risks of stablecoins, such as their potential use in illicit finance, then stablecoins could offer benefits in terms of payments and serve as safe assets on a variety of ...
Federal Reserve Governor Paul Waller will speak on the economic outlook in ten minutes.
Federal Reserve Governor Paul Waller: The Federal Reserve should be more cautious in cutting interest rates than it was at its September meeting.
Federal Reserve Governor Waller: If inflation falls below 2%, which is an unlikely scenario, or the labor market deteriorates, the Federal Reserve can cut interest rates earlier. If inflation unexpectedly rises, the Federal Reserve may pause interest rate cuts.
7x24 Newsflash
Hot News
