A · Important
[Federal Reserve Governor Waller: Not super hawkish and will not raise interest rates by 150 or 200 basis points] On November 10, Federal Reserve Governor Waller said that the 0.3% month-on-month increase in the U.S. CPI in October would indicate that inflation is deviating from the target and more radical policy action is needed. I don’t think we’ll see widespread productivity gains from AI anytime soon. Waller said that we are not super hawkish. We do not want to severely damage the economy and need to at least withdraw the previous three preventive interest rate cuts; we will not raise interest rates by 150 or 200 basis points.
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