Fed's Waller (voter) says compared to 70's shock, central bankers understand importance of inflation expectations
Importance
Level 1
- Some of the low-hire and low-fire job market is related to firms dealing with tariffs.
- Not worried dollar losing reserve status, still trusted by others.
- Private credit is not a big sector of financial markets.
- Does not see systemic risks coming from private credit so far.
- Private credit can't suffer runs like a bank can, reduces risk.