Fed's Daly: Inflation has come in much less than feared

Barr Says Cutting Rates Could Exacerbate Inflation Adds Need For Caution And Notes Rate Cut Last Month Was Due To Labor Market Concerns Barr Says October Rate Cut Decision Will Be Difficult Adds It’s Appropriate To Move Cautiously

Fed's Waller: I don't know if I am a Fed chair finalist or not - CNBC FED'S WALLER: DONT KNOW IF I AM A FED CHAIR FINALIST OR NOT - CNBC INTERVIEW FOR FED CHAIR WAS "GREAT" THERE WAS NOTHING POLITICAL ABOUT THE INTERVIEW, WAS ALL SERIOUS ECONOMICS THERE HAVE BEEN SHUTDOWNS BEFORE, THERE IS A LOT OF PRIVATE SECTOR DATA TO RELY ON PIECES OF… WALLER: THE CPI DATA WILL HELP A LOT IN THE COMING MEETING TARIFF EFFECTS ON INFLATION ARE ONE TIME CHANGES IN THE PRICE LEVEL, AND CAN BE LOOKED THROUGH IF INFLATION WILL COME UP AND COME BACK DOWN IT SHOULD NOT INFLUENCE MONETARY POLICY NEGATIVE JOB GROWTH MEANS THE U.S.… WALLER SAYS THE FED NEEDS TO CUT RATES BUT NEEDS TO BE CAUTIOUS ABOUT IT WALLER SAYS THE FED IS NOT GOING TO BE AGGRESSIVE OR FAST, WILL MOVE IN QUARTER POINT STEPS

Federal Reserve governor Michael Barr said Thursday that he favors a cautious approach to interest rates given uncertainties about whether tariffs would push inflation higher, breaking with some colleagues who are pushing aggressively for more easing. He even expressed skepticism about whether the Fed should fully “look through” higher inflation from import ...