Federal Reserve Governor Christopher Waller on Inflation
2022-07-07T13:01:32-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZmFiXC8wMDFcLzE2NTcyMTM4NjhfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Federal Reserve Board Governor Christopher Waller said, “I just want to remind people, inflation is a tax on economic activity, and the higher that tax, the more it suppresses economic activity,” as he discussed inflation and monetary policy during a virtual event hosted by the National Association for Business Economics (NABE). Governor Waller went on to say that the Federal Reserve is committed to getting inflation at or close to 2% and admitted that the Federal Reserve should not have assumed inflation was transitory. Other topics discussed were the labor market, home and energy prices, interest rates, and cryptocurrency. They also discussed the possibility of another recession, which the governor said was not likely to happen given the strength of the labor market and economy.
Federal Reserve Board Governor Christopher Waller said, “I just want to remind people, inflation is a tax on economic activity, and the higher… read more
Federal Reserve Board Governor Christopher Waller said, “I just want to remind people, inflation is a tax on economic activity, and the higher that tax, the more it suppresses economic activity,” as he discussed inflation and monetary policy during a virtual event hosted by the National Association for Business Economics (NABE). Governor Waller went on to say that the Federal Reserve is committed to getting inflation at or close to 2% and admitted that the Federal Reserve should not have assumed inflation was transitory. Other topics discussed were the labor market, home and energy prices, interest rates, and cryptocurrency. They also discussed the possibility of another recession, which the governor said was not likely to happen given the strength of the labor market and economy. close
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