Fed's Waller Says Willing To Sit And Wait And Be Patient; If That Reverses In August Willing To Pull Trigger On Rate Hike; Might See A Significant Drop In Core With Revisions; Don't Want To Put A Number On It, But If 3-month Number Gets To 2.8 That's Fine
-Reuters
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Why It Matters
A top Federal Reserve official said they're willing to wait and watch inflation numbers before deciding on interest rates, but they're ready to act if things change. When grown-ups watch what the Fed does with interest rates, it helps them understand whether borrowing money will get more or less expensive for everyone.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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