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MNI: Fed Well Positioned, Can’t Say For Sure If Done-Waller

(MNI) WASHINGTON

Waller is encouraged by signs that growth is moderating and inflation continues to head lower.

The Federal Reserve has made significant progress in its fight against inflation as the economy’s blockbuster growth appears to moderate, though it’s still too soon to say whether policymakers have done enough, Fed Governor Chris Waller said Tuesday.

“I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%,” Waller said in prepared remarks to the American Enterprise Institute.

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The Federal Reserve has made significant progress in its fight against inflation as the economy’s blockbuster growth appears to moderate, though it’s still too soon to say whether policymakers have done enough, Fed Governor Chris Waller said Tuesday.

“I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%,” Waller said in prepared remarks to the American Enterprise Institute.

Keep reading...Show less