Christopher Waller

Higher rates are likely to be warranted, even if the central bank foregoes a June hike, governor Christopher Waller says. Higher rates are likely to be warranted, even if the central bank foregoes a June hike, governor Christopher Waller says. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Consumers and businesses borrowed less as overall economic growth flattened in the weeks since two mid-March bank failures sparked financial turmoil, the Federal Reserve said in a report Wednesday. Banks in several parts of the country tightened lending standards and raised concerns about liquidity and uncertain expectations for future growth after Silicon Valley Bank and Signature Bank collapsed, some of the Fed’s 12 regional reserve banks reported. Consumers and businesses borrowed…

A Federal Reserve official said he was prepared to approve another interest-rate increase because recent banking-system stresses haven’t produced a significant pullback in lending while high inflation remains supported by strong growth. “Monetary policy needs to be tightened further,” Fed governor Christopher Waller said in a speech Friday in San Antonio. “I would welcome signs of moderating demand, but until they appear and I see inflation moving meaningfully and persistently down toward our 2% target,…

Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight.Money-market fund assets are increasing at a record clip. Much of that cash is making its way to the Fed’s overnight reverse repurchase facility, which borrows from money funds and other firms in exchange for securities such as Treasurys and then returns the money the next day. The program, known on Wall Street as reverse repo, allows financial firms and…

An event that was set to take place with Federal Reserve Governor Christopher Waller on Thursday was canceled following a pornographic Zoom-bombing incident.  Waller was set to speak at the virtual event with the Mid-Size Bank Coalition of America, an organization that advocates and serves as a resource for mid-size banks, about the economic outlook going forward.  But Brent Tjarks, the executive director of the coalition, told Reuters that the group was the “victim of a teleconference or Zoom hijacking.”…

Photo: Manny Ceneta (Getty Images)A Federal Reserve Zoom event was canceled only moments after it was scheduled to start Thursday night following an outburst of pornographic images that took over the screen. The video conference was held by Federal Reserve Governor Christopher Waller, but he was unable to deliver his opening remarks as the images began to pop up on the screen by a participant named “Dan” to the more than 220 people on the call, Reuters reported. Waller was scheduled to speak on inflation and the economic…

The Federal Reserve will need to raise rates to higher levels than previously anticipated to prevent inflation from picking up if the recent strength in hiring and consumer spending continues, a central bank official said Thursday.“I would be very pleased if the data we receive on inflation and the labor market this month show signs of moderation,” Fed governor Christopher Waller said in remarks posted on the Fed’s website. “But wishful thinking is not a substitute for hard evidence in the…

They could begin deliberating at the Jan. 31-Feb. 1 gathering how much more softening in labor demand, spending and inflation they would need to see before pausing rate rises this spring. In recent public statements and interviews, Fed officials have said slowing the pace of rate increases to a more traditional quarter percentage point would give them more time to assess the impact of their increases so far as they determine where to stop. Officials called attention to how it takes time for the full effect of…

‘I support another significant increase in the policy rate,’ says Christopher Waller, ‘to get the policy rate to a setting that is clearly restricting demand.’ Photo: Patrick Semansky/Associated Press…

Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to combat high inflation.Policy makers left the door open to a larger, full-percentage-point increase at the July 26-27 gathering. But some of them simultaneously poured cold water on the idea in recent interviews and public comments ahead of their premeeting quiet period, which began Saturday. Some officials pointed to signs that…