Fed's Waller
Fed's Waller on CNBC
  • The data looks like we don't need to raise rates
  • Look toward rate cuts toward the end of the year
  • We need to really make sure inflation is on its way down toward targets
  • Cuts will be dependent on the data
  • We are going to see policy start to put more downward pressure on demand.
  • Is deficit spending going to start to influence rates going up? That is what the concern is.
  • $50 billion of additional spending is not a lot in a $28 trillion economy
  • Independence has served the Fed well. It keeps us thinking long-term.
  • We are still accountable to the American people and to Congress.