Federal Reserve will ‘stay on the job’ to achieve inflation goal, Fed’s Waller says

  • “Price stability is a primary responsibility of the Federal Reserve. This is why we have taken forceful steps aimed at reducing inflation — and why we will stay on the job to achieve our objective,” Federal Reserve Governor Christopher Waller said on Tuesday at conference at George Mason University.
  • He did not discuss near-term policy implications in the prepared text of his speech.
  • He reaffirmed the Fed’s commitment to the 2% inflation goal, not 3 or 4%. “We have reaffirmed this numerical goal repeatedly since 2012, and, in tightening monetary policy since early last year, we’ve made clear that we’re determined to bring inflation down to 2%,” he said.

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