Fed's Waller forecasts possible interest-rate hikes due to inflation from Iran war

[Dont Taz Me Bro]

Another day, another broken promise from the Trump regime. He specifically pushed Powell out the door and appointed this new chairman to bring down interest rates, but due to the inflation he has also failed to control, that won't be possible in the near future.

“I can no longer rule out rate hikes further down the road if inflation does not abate soon,” Waller said in May 22 prepared remarks for a central banking conference in Frankfurt, Germany.

Waller said the Fed’s current stance keeping the benchmark Federal Funds Rate steady is appropriate until the true impact of the Iran War on U.S. inflation becomes more focused.

“Inflation is not headed in the right direction,” Waller said, adding that high oil prices could dissipate quickly pending the length of the Middle East.

MSN

 

[Woodznutz]

Another day, another broken promise from the Trump regime. He specifically pushed Powell out the door and appointed this new chairman to bring down interest rates, but due to the inflation he has also failed to control, that won't be possible in the near future.

“I can no longer rule out rate hikes further down the road if inflation does not abate soon,” Waller said in May 22 prepared remarks for a central banking conference in Frankfurt, Germany.

Waller said the Fed’s current stance keeping the benchmark Federal Funds Rate steady is appropriate until the true impact of the Iran War on U.S. inflation becomes more focused.

“Inflation is not headed in the right direction,” Waller said, adding that high oil prices could dissipate quickly pending the length of the Middle East.

MSN

I hope rates go up. I've got some big CDs maturing soon.

 

[Blaster]

Interest rates will stay steady.

 

[1srelluc]

No worries....It really is transitory. Not the faux kind of the Biden era.