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POLITICO: ‘The last mile is harder’: Stubborn inflation stalls rate cuts

“I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed,” Fed Governor Christopher Waller told the Economic Club of New York on Wednesday. “Because of these signs, I see no rush in taking the step of beginning to ease monetary policy.”

READ MORE: ‘The last mile is harder’: Stubborn inflation stalls rate cuts

NASDAQ: Fed’s Waller see’s no need to rush into interest rate cuts amid rising productivity

Recent data has shown that the U.S. Federal Reserve could hold off on cutting short-term interest rates in the face of rising productivity results, according to Chris Waller, a leading figure and Fed Reserve governor.

Waller would speak about the state of play of the U.S. financial market at the Economic Club of New York, titled “There’s still no rush.”

READ MORE: Fed’s Waller see’s no need to rush into interest rate cuts amid rising productivity

CNBC: There’s ‘no rush’ to cut rates yet, Fed governor says

The latest U.S. inflation data points to the Federal Reserve needing to keep rates at their current levels, Fed Governor Christopher Waller said late Wednesday.

“There is no rush to cut the policy rate,” he said in a speech at the Economic Club of New York. 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: There’s ‘no rush’ to cut rates yet, Fed governor says

barron's: Interest Rates, Inflation, and What Else Could Come Up in Powell's Speech

Speaking at the Economic Club of New York, Fed Gov. Christopher Waller indicated that the recent spate of hotter inflation data raised the burden of proof needed to start implementing rate cuts. If stronger inflation persists, Waller said it could “reduce the overall number of rate cuts or push them further into the future.”

READ MORE: Interest Rates, Inflation, and What Else Could Come Up in Powell's Speech

POLITICO: The Fed’s next test

“I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed,” Fed Governor Christopher Waller told the Economic Club of New York on Wednesday. “Because of these signs, I see no rush in taking the step of beginning to ease monetary policy.”

READ MORE: The Fed’s next test

American Institute for Economic Research: Inflation Remained Elevated in February

Governor Christopher Waller echoed Powell’s view in a talk at the Economic Club of New York earlier this week:

"It is appropriate to point out that a month or two of data does not necessarily indicate a trend, and there are good reasons to think that progress on inflation will be uneven but likely to continue down toward 2 percent. At the same time, monetary policy is data driven, and I do want to take it into account when formulating my economic outlook. While I don’t want to over-react to two months of data, I do think it is appropriate to react to it."

READ MORE: Inflation Remained Elevated in February

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

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

BLOOMBERG: Fed’s Waller Says No Rush to Cut Interest 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

UBS: Fed in 'no rush' to cut ahead of inflation data

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%.”
 

BARRON'S: Stock Market News: Dow and S&P 500 Hit Closing Highs

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

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

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

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

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

Morningstar: Why the Fed Is Delaying Interest-Rate Cuts: Waller

"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

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

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

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

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

BARRON'S: Why the Fed Is Delaying Interest-Rate Cuts: Waller

“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

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

"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

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

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

YAHOO FINANCE: Fed's Waller says very high bar to hike rates again

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

MEDIAPOST: Lilly CEO Reflects On D2C As Amazon Joins LillyDirect Delivery

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