Fed Waller says he’d hold steady unless August inflation progress reverses

If August Inflation Data Comes In Hot, He Would Consider A September Rate Hike His Communicating Of Reaction Function Helps Public In Planning 'Finally Seeing Some Signs Of Disinflation' In Recent Data May Not Take Much Inflation Acceleration To Support Tighter Policy If August Inflation Data Shows Progress Has Reversed, 'Small Adjustment' To Policy Rate Would Help Ensure Progress Resumes GDP Growth Continuing At 'Solid' Pace, Equity Price Gains Should Sustain Consumption Growth Sees Considerable Uncertainty About How Outlook For Prices, Economy Is Affected By Military Conflicts, Trade Policy, AI Inflation Is Significantly Elevated Above Fed's 2% Target Ai Investment Is 'Legitimate' Part Of GDP; Ai Will 'Reliably' Raise Productivity Elevated Energy Prices, Tariffs Not A Significant Sources Of Ongoing Inflation Pressure Underlying Inflation 'Doing Better' Than Core Numbers Suggest Labor Market Also In Satisfactory Shape, Expects More Of The Same In August Jobs Report Sees Some Upside Risk To Inflation, Though Wage Growth Is Consistent With Expectation It Is Returning To 2 PCT Personal Consumption Expenditures, Core PCE Not Best Guide For Where Inflation Is Sees 'Considerable Improvement' With 'Encouraging' Speed In Three-Month Core Inflation Pending Revisions To Commerce Department's Non-Market Price Estimate Could Lower 12-Month PCE By A Few Tenths Of A Percentage Point