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MNI BRIEF: Yields Rise Reflects Good Economy: Fed's Waller

(MNI) WASHINGTON
WASHINGTON (MNI)

The recent rise in yields is a good sign, reflecting the economy's improvement, Federal Reserve Governor Christopher Waller said Monday in a Q&A session following his maiden Fed speech.

"This is actually a good sign," said Waller. "They don't appear to be going up in a bad fashion. They're going up, the economy's improving, that's good. That's what should happen when an economy improves, and the last thing we'd want to do is necessarily stop that from happening, since it's kind of reflecting a good performance of the economy."

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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