A few thoughts after reflecting on Fed Gov Waller's commentary:
1) The instability we saw in banking earlier this year is not reflective of the whole industry
2) Pay closer attention to core readings on inflation, not just the headline numbers
3) Hawks will be hawks
Bloomberg TV@BloombergTV
Federal Reserve Governor Christopher Waller: “I do not support altering the stance of monetary policy over worries of ineffectual management at a few banks,” as he discusses the role that recent banking strains could play on lending conditions in the US trib.al/LpksPRq
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