Federal Reserve Board Governor Christopher Waller speaks on his economic and policy outlook before the Money Marketeers of New York University.
From the Q&A now:
- September is a live meeting for monetary policy
- Biggest shock is job market, economy strength in face of rate rises
- Strong balance
sheets enable economy to weather strong fed rate hikes - Economy could still
face turbulence as Fed works inflation down - Money in Fed reverse
repo is equivalent to bank reserves - A soft landing for the economy is still possible
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com. Source