Waller says risks in US tilted towards high inflation

WASHINGTON, July 6 (Reuters) - U.S. Federal Reserve Governor Chrisopher Waller said on Monday that high inflation is the chief risk facing the Fed, given a labor market the remains stable.

"A year ago I was advocating for rate cuts because the labor market was not looking good, so I was willing to tolerate a longer movement back to our 2% (inflation) target based on the labor market," Waller said at an economics conference in Rome. "Those risks have completely flipped around now. The labor market seems to be stabilizing in the US. Inflation has been taking off. So then that changes how you might want to think about policy."

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.