Fed's Waller: Only One Proposal on Table, Task Forces Make Recommendations Only
Federal Reserve Governor Christopher Waller stated that only one proposal was considered after a few days of internal debate, emphasizing that the Fed is not outsourcing decisions and that task forces will merely provide recommendations.
Federal Reserve Governor Christopher Waller clarified that during internal discussions, only one proposal was formally on the table, following a good debate over a couple of days. He stressed that the Fed is not outsourcing any decision-making authority.
Waller added that any task forces formed will only serve as advisory bodies, making recommendations rather than having direct decision-making power. This statement aims to reassure markets about the Fed's independence and internal governance.
Source: First Squawk