Market news
16.04.2021, 14:57

Fed's governor Waller: U.S. economy is ready to rip

  • Sees 6.5% GDP growth this year
  • Sees 2.5% inflation this year
  • Unemployment will drop further
  • All the fundamentals are in place for good, strong fundamental growth
  • We still need to make up for lost ground, we still have a long way to go
  • We're still down 7-8 million jobs from a year ago
  • There's no reason to start pulling the plug on stimulus
  • Temporary surge in inflation will not last, bottlenecks will go away
  • We're happy to let inflation rise above 2%, so long as inflation is anchored
  • I don't think anyone would be comfortable if inflation got to 3% or above and stayed there a while
  • Dot plot is problem right now; we shouldn't be doing calendar-based forecasts
  • Markets are getting ahead of themselves in terms of expecting rate hikes

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