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Fed's Waller: I don't know if I am a Fed chair finalist or not - CNBC
Added at 4:38am
- FED'S WALLER:
DONT KNOW IF I AM A FED CHAIR FINALIST OR NOT - CNBC
INTERVIEW FOR FED CHAIR WAS "GREAT"
THERE WAS NOTHING POLITICAL ABOUT THE INTERVIEW, WAS ALL SERIOUS ECONOMICS
THERE HAVE BEEN SHUTDOWNS BEFORE, THERE IS A LOT OF PRIVATE SECTOR DATA TO RELY ON
PIECES OF DATA ARE ALL TELLING THE SAME STORY NOW, THAT THE LABOR MARKET IS NOT DOING GREAT
ADP DATA IS CONSISTENT WITH WHERE BLS DATA WAS HEADING, TOWARDS NEGATIVE JOB GROWTH
Added at 4:42am
- WALLER:
THE CPI DATA WILL HELP A LOT IN THE COMING MEETING
TARIFF EFFECTS ON INFLATION ARE ONE TIME CHANGES IN THE PRICE LEVEL, AND CAN BE LOOKED THROUGH
IF INFLATION WILL COME UP AND COME BACK DOWN IT SHOULD NOT INFLUENCE MONETARY POLICY
NEGATIVE JOB GROWTH MEANS THE U.S. IS NOT AT MAXIMUM EMPLOYMENT
THE LABOR MARKET IS NOT TIGHT IN ANY WAY
THERE IS NO EVIDENCE OF A WAGE PRICE SPIRAL, UNDERCUTTING RISK OF SECOND ROUND EFFECTS
Added at 4:46am
Added at 4:48am
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