Free Trial
RUSSIA

Russia Pushed To Default On Foreign Debt

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Fed's Waller Says Rate Hikes Won't Hurt Employment

(MNI) Washington

Frontloading Federal Reserve interest rate increases can cool off demand for goods, services and labor without hurting the unemployment rate, Fed Governor Chris Waller said Tuesday.

"We think we can raise interest rates, pull back demand and not have a big impact on employment or unemployment," he told the Economic Club of Minnesota. "We have a labor market that's so hot, so overstimulated, that it's a market where you can pull back a lot of demand for labor and it would actually be a good, not a bad thing."

Keep reading...Show less
158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Frontloading Federal Reserve interest rate increases can cool off demand for goods, services and labor without hurting the unemployment rate, Fed Governor Chris Waller said Tuesday.

"We think we can raise interest rates, pull back demand and not have a big impact on employment or unemployment," he told the Economic Club of Minnesota. "We have a labor market that's so hot, so overstimulated, that it's a market where you can pull back a lot of demand for labor and it would actually be a good, not a bad thing."

Keep reading...Show less