Street Calls of the Week
Investing.com -- Federal Reserve Governor Christopher Waller stated Friday that there was "nothing political" in his interview for the position of Federal Reserve Chair.
In a CNBC interview, Waller addressed several economic topics, including how the Fed could operate during a government shutdown. He noted that the central bank can utilize alternative data sources when government statistics are unavailable.
Waller expressed concern about the U.S. labor market, stating it "is not doing great" and emphasized that receiving Consumer Price Index data would significantly help policymakers in their decision-making process.
On the topic of tariffs, Waller explained they would have a "one-time impact on price level" with approximately 40% pass-through to consumers.
Regarding monetary policy, Waller indicated he sees a need for interest rate cuts but advocated for a cautious approach. He stated he would be open to quarter-point rate reductions at upcoming Federal Reserve meetings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.