Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated


Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020.

Andrew Harrer | Bloomberg | Getty Images

Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation that it did in the 1970s.

Back then, he said during a panel chat with Minneapolis Fed President Neel Kashkari, the central bank talked tough on inflation but wilted every time tighter monetary policy caused an uptick in unemployment.

This time, Waller said he and and his colleagues will follow through on its…


0 0 votes
Article Rating

Coinbase (COIN) earnings Q1 2022

Previous article

UAE, Saudi Arabia energy ministers hit back at NOPEC bill

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy