Finance

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

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Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy.

“I think the economy is ready to rip,” Waller told CNBC’s Steve Liesman during a “Squawk on the Street” interview. “There’s still more to do on that, but I think everyone’s getting a lot more comfortable with having the virus under control and we’re starting to see it in the form of economic activity.”

Those comments came amid a decidedly upward move in economic data.

In March alone, nonfarm payrolls jumped by 916,000, retail sales saw a 9.8% stimulus-fueled boom, and multiple manufacturing gauges reached…



Source cnbc.com

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