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Fed official Waller said the current policy level could bring inflation back to the 2% target. He also noted AI-related disinflation potential and that mortgage and auto loan rates are not “low” for regular Americans.
Fed Governor Christopher Waller said mortgage and auto-loan rates are not low and that financial conditions reflect stock prices rather than easing for regular Americans.
Fed's Waller: Mortgage rates and auto loan rates are not low.