{
  "id": 5377034,
  "title": "Fed’s Waller says safety premium for Treasuries is gone, pushing neutral rate higher",
  "url": "https://urgent.news/2026/09/03/feds-waller-says-safety-premium-for-treasuries-is-gone-pushing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T17:48:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/feds-waller-says-safety-premium-for-treasuries-is-gone-pushing-neutral-rate-higher-4888374"
  },
  "original_language": "en",
  "account": "Federal Reserve Governor Christopher Waller stated on Thursday that the safety premium for U.S. Treasuries has vanished, causing the neutral interest rate to climb. Waller further suggested that to reduce the U.S. debt of $40 trillion, structural deficits need to approach zero percent of GDP, from the current 6%. He noted that rising yields can be attributed to concerns about the fiscal situation and competition for capital driven by artificial intelligence infrastructure investment. Waller cited Stanford's Lustig research stating that the safety premium for U.S. Treasury debt has significantly diminished over the past few years. The Fed official acknowledged his growing belief that a higher neutral rate is warranted, implying that central bank policy rates could increase for a given inflation level. If inflation signs improve, Waller would advocate for maintaining steady interest rates during the next Federal Reserve meeting. He expressed patience for data to confirm declining price pressures. Regarding the U.S. debt issue, Waller believed growth could help if structural deficits shrink closer to zero. Treasury Secretary Scott Bessent aspires to slash the annual deficit to 3% of GDP, coupled with 3% annual GDP growth and an additional 3 million barrels of oil daily. The fiscal 2025 deficit stands at 5.9% of GDP, but the expected fiscal 2026 deficit will be higher due to the Supreme Court overturning Trump's tariffs. Waller dismissed the efficacy of Bessent's plan to double bond buybacks for longer-dated Treasuries, scheduled to commence on September 10.",
  "summary": null,
  "key_points": [
    "Safety premium for Treasuries vanished, neutral rate rises",
    "Structural deficits need to approach zero percent of GDP",
    "Fed official believes higher neutral rate warranted"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Sirius XM upgraded, Toast downgraded: Wall Street's top analyst calls",
        "url": "https://urgent.news/2026/09/02/sirius-xm-upgraded-toast-downgraded-wall-streets-top-analyst-calls",
        "published": "2026-09-02T13:54:48.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Fed's Waller gives conditional guidance due to 'considerable uncertainty' over inflation outlook",
        "url": "https://urgent.news/2026/09/03/feds-waller-gives-conditional-guidance-due-to-considerable",
        "published": "2026-09-03T12:56:35.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Fed’s Waller says central bank’s next rate move depends on upcoming inflation report",
        "url": "https://urgent.news/2026/09/03/feds-waller-says-central-banks-next-rate-move-depends-on-upcoming",
        "published": "2026-09-03T13:10:08.000Z"
      },
      {
        "outlet": "Motley Fool",
        "title": "Fed Governor Chris Waller Just Significantly Upped the Stakes for the Sept. 11 Inflation Report. It Could Decide Whether There is a Rate Hike at the Fed's Upcoming Meeting",
        "url": "https://urgent.news/2026/09/03/fed-governor-chris-waller-just-significantly-upped-the-stakes-for-the",
        "published": "2026-09-03T16:41:01.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Fed Governor Chris Waller Just Significantly Upped the Stakes for the Sept. 11 Inflation Report. It Could Decide Whether There is a Rate Hike at the Fed's Upcoming Meeting",
        "url": "https://urgent.news/2026/09/03/fed-governor-chris-waller-just-significantly-upped-the-stakes-for-the-5378176",
        "published": "2026-09-03T17:01:01.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Wall Street rallies as Fed’s Waller eases rate hike fears",
        "url": "https://urgent.news/2026/09/03/wall-street-rallies-as-feds-waller-eases-rate-hike-fears",
        "published": "2026-09-03T18:31:23.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Wall Street rallies as Fed's Waller eases rate hike fears",
        "url": "https://urgent.news/2026/09/03/wall-street-rallies-as-feds-waller-eases-rate-hike-fears-5387216",
        "published": "2026-09-03T18:52:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}