Economy

Waller says Fed isn’t keeping rates low to run up the deficit

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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

The Federal Reserve is not keeping monetary policy easy to enable the government to rung up debts and deficits, Fed Governor Christopher Waller said Monday.

Defending the Fed’s independence from the fiscal authorities in Congress, Waller rejected notions that the central bank is holding borrowing costs low to help service the debt or that it is conducting asset purchases to finance the debt-laden federal government.

“My goal today is to…



Source cnbc.com

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