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Waller: Policy Risks Have Changed
Thank you, Jens, and thank you to the European Central Bank for the opportunity to speak to you today.1 Like other central banks, the Federal Reserve is confronted with how to respond to the effects of the conflict in the Middle East, which has constrained supplies and raised prices for petroleum and other goods. While I am hopeful that the conflict is on a path toward a peaceful resolution, it is unclear how long these supply disruptions and their economic impact will last, and that has become one of the biggest questions for the U.S. economy and the path of monetary policy. What does this mean for the Fed's dual ... (full story)
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— FinancialJuice (@financialjuice) May 22, 2026
Fed's Waller: I don’t think the Fed should consider hikes in the near future.
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FED'S WALLER SAYS TO TAKE OUT EASING BIAS BUT IS NOT IN FAVOR OF A RATE HIKE RIGHT NOW.
— First Squawk (@FirstSquawk) May 22, 2026
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The highlights: Ditch the easing bias, don't rule out hikes "if inflation does not abate soon."
— Nick Timiraos (@NickTimiraos) May 22, 2026
"I have become more concerned that higher energy prices may have a lasting effect on inflation."
"Inflation is not headed in the right direction. Based on this recent data, I would…
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Waller's worry is around inflation expectations after a series of overlapping positive price shocks:
— Nick Timiraos (@NickTimiraos) May 22, 2026
"A risk that is getting more real every day is that the longer the energy price shock continues, the greater the chance that these increases bleed into prices for other goods and…
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