Waller Backs 75 Basis-Point July Hike, Says Fed Is ‘All In’
“The Fed is ‘all in’ on re-establishing price stability,” Waller said Saturday in prepared remarks to a computational economics conference in Dallas.
“The Fed is ‘all in’ on re-establishing price stability,” Waller said Saturday in prepared remarks to a computational economics conference in Dallas.
BlackRock's Chief Investment Officer of Global Fixed Income Rick Rieder has faith the Fed’s move on Wednesday was the right one.
“We’re not trying to induce a recession now, let’s be clear about that,” Powell told reporters. Fed’s goal is to depress the rapid pace of inflation.
A hotter-than-expected read on inflation is testing the Federal Reserve’s resolve on the pace of its planned interest rate increases.
Traders are now fully pricing three half-point Federal Reserve rate hikes in coming months.
Some industry insiders say it’s never been better to be a small-time trader. Buying and selling shares is cheap and easy, they say.
Former Treasury Secretary Lawrence Summers said Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility.