More from Fed Waller: Now is not the time to use forward guidance.

More from Fed's Waller:

We've gotten persistently better and stronger job reports.
AI may be affecting financial conditions.
If AI were to pop or pull back, there could be pretty big changes in financial conditions.
I see no reason to ever be in a scarce reserves regime.
If we can figure out a way that banks don't need as much reserves, I have no problem with shrinking the balance sheet accordingly.
There is a lot of dispute over how much you can shrink the balance sheet based on reserve demand alone.
The task force will think about how seriously we can reduce the balance sheet.
I have a hard time seeing where the balance sheet at its current size is causing problems.
Now is not the time to use forward guidance.
No theory in economics says withholding information is good.
Want markets to have as much information as possible.
Surprising people is not a good idea.
Not clear how easy monetary policy can deal with demand on AI
if I get another higher inflation print, I will treat that as signal not noise.
It will be a useful signal.
If inflation comes down in the next reading, will need a couple more that way to see that as a "signal".
BLS is getting more responses later in the payroll survey cycle
Not worried about bigger BLS payroll revisions.
Unemployment rate has traditionally been best indicator of labor market.
Unemployment rate has been very stable

Speaking of inflation, adding a 20% charge on to the value of the shipment out of the Strait of Hormuz is inflationary.

This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.

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