Fed Governor Waller: The Fed Will Not Keep Low Rates to Finance Government Deficits

07/06 21:40

On July 7, Federal Reserve Governor Waller stated that the Fed will not intentionally maintain low interest rates to help the U.S. government finance its budget deficit. I believe that Fed Chair Waller is reiterating the commitment to achieving the 2% growth target; he prefers to set the inflation target as a range, but changing the target setting at this moment would lack credibility.

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