Waller steps up to the plate with rationale for rate setting
Fed governor compares himself to baseball umpire and says data will determine his next FOMC vote
Christopher Waller has pushed back on Kevin Warsh’s sports officiating analogy and said he would support a rate hold at the Federal Open Market Committee’s (FOMC) September meeting if new data justified it.
The governor told Reuters on September 3 that he preferred to not let “perfection become the enemy of the good” when explaining how the committee might set the Federal Reserve’s monetary policy.
Waller pushed back on the Fed chair’s call for markets to “play the ball, not the referee” when it
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