Fed Governor Waller: Fed Will Not Intentionally Maintain Low Interest Rates
07/06 17:25
On July 7, Federal Reserve Governor Waller stated that the Fed will not intentionally maintain low interest rates to assist the U.S. government in financing its budget deficit. He noted that considering the establishment of an inflation target range is reasonable. Fed Chairman Waller reiterated the commitment to the 2% target, expressing a preference for setting the inflation target as a range. However, adjusting the inflation target at this stage would undermine the Fed's credibility.
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