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2026-07-14 01:10:10
[Woller: Don't Want to Raise Rates Too Early and Trigger a Recession, Nor Do We Want to Act Too Late and Make a Mistake] While Federal Reserve Governor Waller stated he doesn't want to raise interest rates too early to avoid triggering a recession, he believes the job market is stable and that the Fed should avoid making the mistake of delaying its response to rising price pressures, as it did a few years ago. Waller warned that the current labor market is far less overheated than when the Fed raised rates in 2022-2023, and that "credible reasons" suggest inflation is likely to continue to decline without tightening policy. However, he stated that the evidence businesses and investors are using to anticipate falling inflation is not enough for the Fed to wait, because as confidence gradually fades, the Fed will have to raise rates more aggressively to catch up. "We cannot tolerate ignoring inflation until it completely disappears," he said.
