Recent data suggest that consumer spending isn’t slowing that much, that the labor market continues to run unsustainably hot, and that inflation is not coming down as fast as I thought, if those data reports continue to come in too hot, the policy target range will have to be raised this year even more to ensure that we do not lose the momentum that was in place before the data for January were released.

Christopher Waller

Christopher J. Waller is an American economist who is a member of the Federal Reserve Board of Governors. Waller was nominated to and confirmed as a member of the Board of Governors in December 2020. He was sworn-in via video conference on December 18 for a term ending January 31, 2030.He was previously the research director of and an executive vice president at the Federal Reserve Bank of St. Louis. Waller's research has centered on monetary theory, political economy, and macroeconomic theory.

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