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


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…


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