Waller Says Fed Can 'Wait and See' About Rate Decision

The transcript discusses the current state of the economy, focusing on whether the real side is cooling or if prices are heating up. It suggests a wait-and-see approach for policy rate adjustments, depending on economic trends. If the real economy weakens, there may be room to delay rate hikes. However, if inflation stabilizes or accelerates, further policy tightening might be necessary. The speaker emphasizes monitoring core inflation and economic demand to guide future decisions.

In what ways can the recent run-up in longer-term rates impact economic policy?

What is the significance of core inflation in economic policy decisions?