More from Waller: Right now a lot of recent high productivity growth is rebound from lows
More comments from FOMC Gov. Waller: Right now a lot of recent high productivity growth is just a rebound from lower readings earlier Unsustainable fiscal policy is the biggest threat to R-starIf we continues to see reduction in labor demand, will start seeing more unemploymentWe are in sweet spot now, we have to keep it there."Gradually" on rate cuts is in in the eye of the beholderIt would be problematic to move policy rate in response to electionWould be hard to go back to 2019 prices without doing drastic policy tighteningVolatile data have made this a weird time for policymakers This article was written by Greg Michalowski at www.forexlive.com.
More comments from FOMC Gov. Waller:
- Right now a lot of recent high productivity growth is just a rebound from lower readings earlier
- Unsustainable fiscal policy is the biggest threat to R-star
- If we continues to see reduction in labor demand, will start seeing more unemployment
- We are in sweet spot now, we have to keep it there.
- "Gradually" on rate cuts is in in the eye of the beholder
- It would be problematic to move policy rate in response to election
- Would be hard to go back to 2019 prices without doing drastic policy tightening
- Volatile data have made this a weird time for policymakers
