Feds Waller: Does not expect change in policy in the near term

Fed's Waller is speaking and his comments are more hawkish

Do not expect to support a change in the policy rate in the near term; outcome will depend heavily on the length of the Iran conflict
Labor market is in balance and no longer the chief concern in determining the path of policy
Should remove easing bias from the statement, though not advocating a hike at this point
Concerned about rising expectations as Fed’s inflation miss enters sixth year
If expectations start to become unanchored, would not hesitate to support a rate hike
Inflation at risk of becoming more persistent, with price pressures broadening
No sign AI investment boom will slow
So far high energy costs have not crimped consumer spending

This article was written by Greg Michalowski at investinglive.com.

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