Hike, Skip, or Pause? Created by m.moebs on 6/5/2023 8:51:25 PM
Federal Reserve Governor Christopher Waller has been spot on with rate changes.
Read below his remarks from a recent speech in Santa Barbara, California.
A link to Waller’s full speech is available at the bottom.
Your thoughts are welcomed.
Hike, Skip, or Pause?
Governor Christopher J. Waller May 24, 2023
At the 2023 Santa Barbara County Economic Summit, University of California, Santa Barbara Economic Forecast Project, Santa Barbara, CA (via webcast)
. . . . . Indicates edits to original speech. Quick Read Beige Highlights only.
. . .I'll focus my remarks on a broader perspective of the U.S. economy and how the data is shaping my policy views.1
Let me cut to the chase—in my view, data since the last meeting of the FOMC has not provided sufficient clarity as to what we should do with our policy rate at the next meeting. We still have some major data releases coming up in the next 3 weeks and I'll also be learning more about evolving credit conditions, both factors which will inform me on the best course of action. . .we need to maintain flexibility on the best decision to take in June. READ FULL ARTICLE