Fed's Waller (voter) says should remove easing bias from statement, not advocating for a hike at the moment; Do not expect to support a change in the policy rate in the near term, outcome will depend heavily on length of Iran conflict
- Labour market is in balance and no longer the chief concern in determining path of policy.
- Concerned about climbing 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.
- Cannot rule out hikes if inflation does not abate soon.
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