Fed Governor Waller: Fed Will Not Deliberately Keep Interest Rates Low

Odaily reports that Fed Governor Christopher Waller stated the Federal Reserve will not deliberately maintain low interest rates to help the U.S. government finance its fiscal deficit, and that considering setting an inflation target range is reasonable. Fed Chair Warsh is reiterating a commitment to the 2% target, preferring to set the inflation target as a range, but adjusting the inflation target at this stage would undermine the Fed's credibility. (Jinshi)