More Fed’s Waller: The economy has supported the cautious approach by the Federal Reserve

Federal Reserve Board Governor Christopher Waller with more:

• Economy has supported Fed’s cautious approach
• Case for hiking rates is very remote
• Unclear if neutral rate has changed
• Dollar is still the dominant currency by far
• The economy is not giving the Fed a case to pursue big rate cuts
• Supply chain issues have abated in positive inflation development
• Baltimore port disaster is unlikely to cause big economic disruptions
• Still expects inflation pressures to wane

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Earlier:

• Fed’s Waller says may need to hold current rate for longer than expected, no rush to cut

Waller is over there in the Hawkish corner

This article was written by Eamonn Sheridan at www.forexlive.com.