Fed Officials Discuss Interest Rates and Uncertainties in Monetary Policy

This chapter explores recent remarks from Fed Governor Christopher Waller and Fed Governor Michelle Bowman about interest rates, highlighting their confidence in current policies, their willingness to support rate hikes if progress stalls, and the uncertainties surrounding future monetary policy. It also covers the deadlock over oil output quotas among OPEC+ members and mentions the expected decision of the Reserve Bank of New Zealand to maintain the country's cash rate.