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Fed Gov Waller on CNBC

FED
  • Not much of a react to Fed Gov Waller Bbg headlines from CNBC interview --REPEATS HE FAVORS FRONT-LOADING POLICY TIGHTENING
  • DOESN'T RELIEVE FED OF JOB OF REMOVING ACCOMMODATION
  • FORECASTING INFLATION HAS PEAKED AND WILL START TO FALL
  • SAYS INFLATION DATA WAS HIGH BUT NOT THAT SURPRISING
  • FLAGS POSSIBILITY OF FED DOING MORE IN JUNE, JULY
  • DATA GIVES FED A BASIS FOR HIKING BY A HALF POINT
  • DON'T SEE ANY VALUE IN TRYING TO `SHOCK' MARKETS
  • `COMPLETELY FEASIBLE’ FED CAN TIGHTEN WITHOUT RECESSION
  • ECONOMY CAN TAKE AGGRESSIVE FED ACTIONS

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