Full Transcript of Powell's Speech: Inflation Remains High, Economy Strong, Why Did the Federal Reserve Choose to Wait?
Waller reiterated the 2% inflation target, stating that the policy has begun to take effect, but there is no conclusion yet on whether the current interest rates are appropriate, and future actions will depend on new information. He also emphasized that AI investments are similarly affected by interest rates and announced adjustments to the FOMC meeting schedule to allow space for strategic discussions.