Fed Governor Waller agrees the central bank can 'proceed carefully' on interest rates

Federal Reserve Governor Christopher Waller believes that the recent strong economic data allows the central bank to proceed cautiously and wait for further evidence before deciding on additional interest rate hikes to combat inflation.

cnbc.com

Relevant topic timeline:

8/25/2023

Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over

Federal Reserve Chair Jerome H. Powell stated in a speech at the Jackson Hole symposium that the central bank is prepared to raise interest rates further if needed, signaling that they do not believe inflation is fully under control. The Fed will proceed cautiously and assess economic data as they determine whether to make further policy adjustments.

8/30/2023

Column: September sees Fed dot plot thicken

The Federal Reserve meeting in September may hold the key to the end of the tightening cycle, as markets anticipate a rate hike in November, aligning with the Fed's thinking on its peak rate. However, disagreement among Fed policymakers regarding the strength of the economy and inflation raises questions about the clarity and certainty of the Fed's guidance. Market skeptics remain uncertain about the possibility of a "soft landing," with sustained economic expansion following a period of tightening.

9/1/2023

Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum

Federal Reserve officials are closely monitoring employment numbers to assess if the economy's momentum is slowing, which will influence their decision on whether to increase interest rates further.

9/14/2023

Strong Economic Data Reinforces Expectations of Further Fed Interest Rate Hikes

Stronger-than-expected U.S. economic data, including a rise in producer prices and retail sales, has sparked concerns about sticky inflation and has reinforced the belief that the Federal Reserve will keep interest rates higher for longer.

9/15/2023

Fed Likely to Strike Cautious Tone on Rates at Next Meeting, Signaling Patience on Further Hikes

Federal Reserve Chair Jerome Powell is expected to maintain a cautious approach and emphasize the Fed's resolve to target inflation and keep interest rates high for an extended period at next week's policy meeting, according to economists. The general consensus among economists is that the Fed will keep rates steady and suggest a possible rate hike later this year while closely monitoring inflation and the labor market.

9/19/2023

Fed Likely to Pause Rate Hikes This Week, But More Increases Expected Later as It Monitors Inflation

The Federal Reserve is expected to hold its benchmark lending rate steady while waiting for more data on the impact of previous rate hikes on the US economy, but there is still a possibility of another rate increase in the future.

9/19/2023

Fed Expected to Hold Rates Steady But Offer Clues on Future Hikes at Meeting

The Federal Reserve's upcoming meeting will focus on the central bank's expectations for key indicators such as interest rates, GDP, inflation, and unemployment, while many economists believe that the Fed may signal a pause in its rate-hiking cycle but maintain the possibility of future rate increases.

Topics

Posted 9/5/2023, 1:28:37 PM

Fed Governor Waller agrees the central bank can 'proceed carefully' on interest rates

cnbc.com

Relevant topic timeline:

8/25/2023

Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over

8/30/2023

Column: September sees Fed dot plot thicken

9/1/2023

Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum

Federal Reserve officials are closely monitoring employment numbers to assess if the economy's momentum is slowing, which will influence their decision on whether to increase interest rates further.

9/14/2023

Strong Economic Data Reinforces Expectations of Further Fed Interest Rate Hikes

9/15/2023

Fed Likely to Strike Cautious Tone on Rates at Next Meeting, Signaling Patience on Further Hikes

9/19/2023

Fed Likely to Pause Rate Hikes This Week, But More Increases Expected Later as It Monitors Inflation

9/19/2023

Fed Expected to Hold Rates Steady But Offer Clues on Future Hikes at Meeting