More Waller: We want labor markets to focus on the end point for rates

• We want markets to focus on the end points for rates
• any future QE he will depend on what kind of shock
• still have a large number workers, largely women, out of the workforce
• starting to worry about long Covid
• Covid may be having a bigger impact on labor force and then would have thought
• how high rates need to go will depend on 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
• no point in giving a number 4 expected level for rates. It will depend on data
• we are not seen the typical trade-off between driving down inflation and causing job losses
• with the job market strong, don't be afraid to get inflation down
• there is a lot of debate on how fast inflation will fall
• it makes me nervous that companies are building in a lot of wage growth
• that will help to keep inflation high
• him him him him him him him him him him him him him him him him
• today's inflation is much different than 1970s
• we know a lot of this inflation is due to demand, and Fed can affect that
• we know we cannot back off of this fight

Interesting comment on Covid by Fed Gov. Waller.

Waller 3 ignites Reaganites and the idea of fighting inflation to the death

Stocks are heading lower:

• The NASDAQ index is now down 192 points or -1.69% at 11167
• S&P index is down -33.43 points or -0.86% in 3957.48