Fed's Waller: We want to get above neutral rate by the latter half of the year

Waller on CNBC

• High inflation in CPI report wasn't surprising
• Expects to see moderation in house price increases in the coming months
• Prefer 50 bps in May and possibly more in June and July
• March CPI is 'pretty much the peak'
• Fed will continue with its plan for rate hikes and reducing accommodation to get inflation under control
• We are not in a Volcker moment, economy doesn't need a shock
• If inflation keeps going, so will we
• Consumers have a lot of money in their bank accounts
• There's still a fair bit available in people's accounts to absorb higher prices

The comment on 'peak inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term' should get some attention. The market is moving on the idea that inflation will be solved with 2.5% rates or something in that range. So while the Fed has just started the cycle, the market is already looking beyond the end of the cycle.