Still more from Fed's Waller: If unemployment goes up no reason to panic

More again from Waller's Q&A (which is now complete)Waller notes he looks through the loosening in financial conditions indexes because it's mostly the stock market - specifically the Magnificent 7. Also notes tight credit spreads could just be the rise in private credit lending. He thinks conditions are tight because real rates remain high. Inflation adjusted interest rates seem to have gone back up since christmas; lot of factors go into rate spreadsWant to see up to five months of good inflation data, so far have only two months; question is how much data do you needFed is reacting to the data and not 'overreacting;' have two more inflation rates before may fomc meeting 'no evidence' quantitative tightening has been a reason rates have gone up; balance sheet has more effect during stressUnemployment rate doesn't have to stay at 3.7% to have a soft landing; if unemployment goes up no reason to panic--Earlier:Fed's Waller says may need to hold current rate for longer than expected, no rush to cutWaller's remarks have pumped up the US dollar(ps still is too)More Fed's Waller: The economy has supported the cautious approach by the Federal Reserve This article was written by Eamonn Sheridan at www.forexlive.com.