📢 Flash
Full Transcript of Waller’s Speech: Inflation Remains High, Economy Strong—Why Is the Fed Choosing to Wait?
Compiled by Jiahuan
At 2:00 a.m. Beijing Time on October 29, the Federal Reserve announced it would hold the federal funds rate target range steady at 3.75%–4.00%. During the subsequent press conference, Governor Waller stated that the monetary policy measures implemented earlier have begun to show results—but it remains unclear whether the current interest rate level has yet reached a “sufficiently restrictive” stance. Going forward, the path of policy will depend on how incoming economic data evolve. He also specifically noted that investment activity in the artificial intelligence sector is highly sensitive to interest rate changes, and revealed that the Fed plans to convene a dedicated Federal Open Market Committee (FOMC) meeting in 2027 to review its monetary policy strategic framework.
Below is a Chinese-language summary of the key remarks and Q&A from today’s press conference. For improved readability, colloquial expressions and redundancies have been reasonably streamlined; this is not a verbatim transcript.
Growth Accelerating, Labor Market Remains Robust
Good morning, everyone. Earlier today, the Federal Open Market Committee decided to maintain the federal funds rate target range at 3.75% to 4.00% to support…
At 2:00 a.m. Beijing Time on October 29, the Federal Reserve announced it would hold the federal funds rate target range steady at 3.75%–4.00%. During the subsequent press conference, Governor Waller stated that the monetary policy measures implemented earlier have begun to show results—but it remains unclear whether the current interest rate level has yet reached a “sufficiently restrictive” stance. Going forward, the path of policy will depend on how incoming economic data evolve. He also specifically noted that investment activity in the artificial intelligence sector is highly sensitive to interest rate changes, and revealed that the Fed plans to convene a dedicated Federal Open Market Committee (FOMC) meeting in 2027 to review its monetary policy strategic framework.
Below is a Chinese-language summary of the key remarks and Q&A from today’s press conference. For improved readability, colloquial expressions and redundancies have been reasonably streamlined; this is not a verbatim transcript.
Growth Accelerating, Labor Market Remains Robust
Good morning, everyone. Earlier today, the Federal Open Market Committee decided to maintain the federal funds rate target range at 3.75% to 4.00% to support…
