Fed's Waller: Inclined to support policy hold if August inflation data shows progress
While speaking at the Reuters NEXT Newsmaker event in Washington, Federal Reserve Governor Christopher Waller said on Thursday that if August Consumer Price Index data confirms inflation pressures are cooling off, he is inclined to support holding the policy rate steady at the September policy meeti
Federal Reserve Governor Christopher Waller indicated on Thursday that if August Consumer Price Index data shows a cooling of inflation pressures, he is inclined to support holding the policy rate steady at the September meeting. His moderate hawkish tone, as reflected by an FXS Speechtracker score of 6.1, suggests a conditional flexibility in his stance.
Waller stated that if August inflation shows "continued progress," policy will likely be held steady in September, but a "hot" print could trigger a rate hike. This data-dependent reaction function and low tolerance for renewed inflation acceleration emphasize the Fed's cautious approach, even as disinflation and solid GDP and consumption growth are acknowledged.
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