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