Fed’s Waller:
- None of what drove pandemic inflation surge is in place now
- Just doesn’t see how tariffs would create persistent inflation
- Policy should look at real side of economy if inflation is close to target
- Fed is close to reaching inflation target
- Doubts a 10% tariff can get inflation up to 3%
- Markets determine long term yields
- Long term yields up in part on government fiscal worries
- Doesn’t see a problem selling government bonds
- Long term yields also up amid foreign buyer anxiety
Earlier from Waller is here:
Waller swinging over the dark dovish side!
This article was written by Eamonn Sheridan at www.forexlive.com.
