More from Waller: Right now a lot of recent high productivity growth is rebound from lows

More comments from FOMC Gov. Waller:

  • Right now a lot of recent high productivity growth is just a rebound from lower readings earlier
  • Unsustainable fiscal policy is the biggest threat to R-star
  • If we continues to see reduction in labor demand, will start seeing more unemployment
  • We are in sweet spot now, we have to keep it there.
  • “Gradually” on rate cuts is in in the eye of the beholder
  • It would be problematic to move policy rate in response to election
  • Would be hard to go back to 2019 prices without doing drastic policy tightening
  • Volatile data have made this a weird time for policymakers

This article was written by Greg Michalowski at www.forexlive.com. Source