More from Feds Waller
- everything hinges on inflation expectations
- does not see anything resembling a credit bubble
- the minute we see any on anchoring in inflation expectations, yields the action from the Fed
- if inflation continue to 5% into 2022, will start seeing Fed policymakers pulling their rate hike expectations earlier
- have not yet approached question a balance sheet normalization
- the biggest risk is that inflation doesn't come down for some reason we can't anticipate
- Fed is ready to stop high inflation if we have to
