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Waller: Largely Echoing Powell's Presser Comments

FED
Waller (permanent voter) keeping to comments consistent with Powell's remarks at the FOMC presser. Heading into Q&A but currently little impact from the earlier nudge higher in hike expectations from Mester ('22 voter) remaining open to 75bp hikes from 2H22 if inflation doesn't ease.
  • "If we get some help from supply chain resolution that's fantastic, but I'm not counting on it".
  • “Have never seen vacancies 2:1 in this country ever. Prior to all this the average was something like 0.6.. so it's completely flipped” ... “We think we can raise interest rates, pull back and not have a big impact on employment or unemployment. That’s the plan and I’m sticking to it.”
  • *WALLER: FRONT LOAD RATE HIKES NOW BECAUSE ECONOMY CAN TAKE IT - bbg

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