Waller: Challenges Facing Central Bankers
Federal Reserve Board Governor Christopher Waller spoke on January 8, 2025, at the American Economic Association/Allied Social Science Associations Annual Meeting in New Orleans, Louisiana. In his speech, titled “Challenges Facing Central Bankers,” Waller discussed the challenges that central bankers are facing in the current economic environment.
Waller began his speech by noting that the global economy is facing a number of challenges, including the ongoing COVID-19 pandemic, the war in Ukraine, and rising inflation. He said that these challenges are making it difficult for central bankers to achieve their goals of price stability and maximum employment.
Waller then discussed the specific challenges that the Federal Reserve is facing. He said that the Fed is raising interest rates to combat inflation, but that this is also slowing economic growth. He also said that the Fed is facing uncertainty about the future path of inflation and the economy.
Waller concluded his speech by saying that central bankers are facing a number of challenges, but that they are committed to achieving their goals of price stability and maximum employment. He said that the Fed will continue to use its tools to address the challenges facing the economy.
Here are some key quotes from Waller’s speech:
- “The global economy is facing a number of challenges, including the ongoing COVID-19 pandemic, the war in Ukraine, and rising inflation. These challenges are making it difficult for central bankers to achieve their goals of price stability and maximum employment.”
- “The Fed is raising interest rates to combat inflation, but that this is also slowing economic growth. We are facing uncertainty about the future path of inflation and the economy.”
- “Central bankers are facing a number of challenges, but that they are committed to achieving their goals of price stability and maximum employment. The Fed will continue to use its tools to address the challenges facing the economy.”
Waller’s speech is a reminder of the challenges that central bankers are facing in the current economic environment. The Fed is raising interest rates to combat inflation, but this is also slowing economic growth. The Fed is also facing uncertainty about the future path of inflation and the economy. However, Waller is committed to achieving the Fed’s goals of price stability and maximum employment. The Fed will continue to use its tools to address the challenges facing the economy.
Waller, Challenges Facing Central Bankers
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