Waller says Iran war energy shock keeps the Fed cautious on cuts
Federal Reserve Governor Christopher Waller said the Iran war's energy shock and labor-market risks argue against near-term rate cuts, warning headline PCE inflation could hit 3.5% if the conflict drags on.
From the sources (5 posts)
@businessFederal Reserve Governor Christopher Waller said he is cautious about the need to lower interest rates in the near term, due to the energy shock triggered by war in Iran.
@cnbcFed Governor Waller says Iran war and labor market risks are keeping central bank on hold
@financialjuiceFed’s Waller: Periods of negative job growth might not indicate recession. Fed's Waller: As the longer Middle East war remains unresolved, inflation and job risks increase. Fed's Waller: March headline PCE inflation likely to hit 3.5% YoY
@financialjuiceFed's Waller: Some of low-hire and low-fire job market is related to firms dealing with tariffs.
@financialjuiceFed's Waller: I'm not worried about the dollar losing reserve status. It's still trusted by others.