- far too early to judge how Ukraine conflict will affect world or US economy
- need 'concerted action' to rein in inflation
- US rates should be increased a full percentage point by middle of this year
- 'strong case' for half-point hike in March if incoming data indicates economy still exceedingly hot
- in wake of Ukraine attack, it's possible a more modest tightening is appropriate
- fed should start trimming balance sheet no later than at July meeting
- caps on balance sheet runoff should be large
- do not see the need for asset sales anytime soon; MBS sales could be considered down the road
- would support having no caps on MBS redemptions
- I believe we have met the Fed's maximum employment goal
- 'far too high' inflation is 'alarming,' fed needs to 'act promptly'
- expect u.s. economy to continue expanding at healthy rate
- supply bottlenecks, labor shortages to diminish later this year
- hopeful that with appropriate monetary policy, inflation will come down significantly by year end
Headlines via Reuters.
- “If tomorrow’s PCE inflation report for January, and jobs and CPI reports for February indicate that the economy is still running exceedingly hot, a strong case can be made for a 50-basis-point hike in March."
Waller tends towards the more hawkish (or less dovish) end of the FOMC spectrum As a member of the Board he has a vote.
Bullard has also said he supports a 1% point bump in the benchmark rate by mid-tear.