Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023.

READ MORE: Powell says the Federal Reserve wants to see ‘more good inflation readings’ before it can cut rates

“In my view, it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the recent data,” Waller said in prepared remarks Wednesday before the Economic Club of New York titled “There’s Still No Rush.”

READ MORE: Fed's Waller Says No Rush to Cut Interest Rates

Speaking at an Economic Club of New York gathering on Wednesday, Waller said “there is no rush to cut the policy rate” right now, and that “it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%.”
 

Waller said at a Wednesday event organized by the Economic Club of New York that economic output and the labor market were showing strength, while progress in reducing inflation has slowed. He said he sees no rush to begin easing monetary policy.

READ MORE: Stock Market News: Dow and S&P 500 Hit Closing Highs

Federal Reserve Governor Christopher J. Waller starkly opposed the idea of cutting interest rates amidst current macroeconomic conditions characterized by the recent unexpectedly high inflation figures.

Speaking at the Economic Club of New York, Waller said, “There is no rush to cut the policy rate,” underscoring a cautious approach toward Fed interest rate policy.

READ MORE: Fed's Waller Sends Shiver Down Investors' Spines: 'There Is No Rush To Cut' Interest Rates

Swaps traders on Thursday slightly trimmed wagers that the Fed would cut rates as soon a June following Fed Governor Christopher Waller’s comments to the Economic Club of New York on Wednesday that there was no rush to lower interest rates.

READ MORE: Powell Juices Bond Market Bet on Inflation With Tilt to Jobs

"I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed," Waller said at a Wednesday evening event in New York organized by the Economic Club of New York. "Because of these signs, I see no rush in taking the step of beginning to ease monetary policy."

READ MORE: Why the Fed Is Delaying Interest-Rate Cuts: Waller

Speaking at an Economic Club of New York gathering, Waller cited recent inflation data, which “tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2 percent.”


READ MORE: Don’t sweat the prospect of no Fed rate cuts, economist says — markets will still march higher

The most recent economic data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%," he said in speech at the Economic Club of New York on Wednesday night.


READ MORE: Fed's Waller says there's 'no rush' to cut U.S. interest rates

“I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed,” Waller said at a Wednesday evening event in New York organized by the Economic Club of New York. “Because of these signs, I see no rush in taking the step of beginning to ease monetary policy.”

READ MORE: Why the Fed Is Delaying Interest-Rate Cuts: Waller

"There is no rush to cut the policy rate" right now, Waller said in a speech at an Economic Club of New York gathering. Recent data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%."

READ MORE: Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

The most recent economic data “tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%,” Waller said at the Economic Club of New York on Wednesday night, in a speech titled “There’s Still No Rush.”


READ MORE: Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates

With the Fed now weighing rate cuts, “something would really have to dramatically change on the inflation front to think about” moving the federal funds rate higher, Waller said while answering questions at an event held by the Economic Club of New York.

READ MORE: Fed's Waller says very high bar to hike rates again

After two months in operation, Eli Lilly’s launch into D2C sales with LillyDirect has been “surprisingly successful,” the company’s chairman/CEO David Ricks told an Economic Club of New York luncheon on Tuesday.


READ MORE: Lilly CEO Reflects On D2C As Amazon Joins LillyDirect Delivery

So far, selling direct has been “surprisingly successful,” Chief Executive Officer Dave Ricks said Tuesday in an interview with Bloomberg’s Caroline Hyde at the Economic Club of New York.

“Do people use it? Yes, at scale,” Ricks said. “In fact, we’re having trouble keeping up.”

READ MORE: Lilly Partners With Amazon to Sell More Weight-Loss Drugs

Lilly began LillyDirect with Form Health as a telehealth provider, and keeps Truepill as a dispensing partner, making Amazon Pharmacy its second. Lilly also uses Eversana pharmacy services for benefits verification, manufacturer savings and prescription routing.

Along with adding partners, Lilly is also considering additional treatments to add to the service. Cunningham described the success of LillyDirect as a “better than expected” launch.

In a Tuesday discussion at the Economic Club of New York, Lilly CEO David Ricks talked about the “surprising success” of LillyDirect.


READ MORE: Eli Lilly taps Amazon Pharmacy to dispense its prescription medicines

So far, selling direct has been “surprisingly successful,” Chief Executive Officer Dave Ricks said Tuesday in an interview with Bloomberg’s Caroline Hyde at the Economic Club of New York.

“Do people use it? Yes, at scale,” Ricks said. “In fact, we’re having trouble keeping up.”

READ MORE: Lilly Partners With Amazon to Sell More Weight-Loss Drugs

Eli Lilly CEO David Ricks shared his view from the pharma industry’s peak in an hourlong conversation Tuesday with the Economic Club of New York.

READ MORE: Eli Lilly CEO David Ricks talks China, AI, and pharma's next 'golden era' after obesity

Eli Lilly CEO Dave Ricks says the company is working on expanding its medicine supply as the global obesity rate increases. Speaking with Bloomberg's Caroline Hyde at the Economic Club of New York, the head of the pharma giant says that they are looking to create an oral tablet in addition to an injectable device and hopes to get them to the market quicker.


READ MORE: Eli Lilly CEO Dave Ricks

At an Economic Club of New York event in February, former Attorney General Eric Holder said that employers should focus on data-driven DEI — and making the business case therein.

READ MORE: Appeals court rejects challenge to Pfizer’s diverse fellowship pipeline