Waller Vows to Avoid Repeating Fed’s 2021 Mistake; Labor Market Less Tight
Federal Reserve Governor Christopher Waller stated he is determined not to repeat the policy errors of 2021, noting that the labor market is now less tight and inflation expectations remain anchored. He also highlighted resilience in household and business spending despite higher goods costs from tariffs and energy price surges from the Middle East conflict.
In a recent speech, Fed Governor Christopher Waller expressed his determination to avoid repeating the central bank's policy mistake from 2021. He noted that the labor market is not as tight as it was then, and inflation expectations remain well-anchored.
Waller also pointed out that household and business spending have remained resilient even in the face of higher goods costs resulting from tariffs and a surge in energy prices stemming from the Middle East conflict.
Source: First Squawk