Federal Reserve Governor Waller: Fed Will Not Deliberately Maintain Low Interest Rates

BlockBeats News, July 7th - Federal Reserve Governor Waller stated that the Fed will not deliberately maintain low-interest rates to help the U.S. government finance its fiscal deficit. He mentioned that considering setting a target range for inflation is reasonable. Fed Chair Powell reiterated the commitment to the 2% target and expressed a preference for setting an inflation target as a range. However, he believes that adjusting the inflation target at this stage would undermine the Fed's credibility. (FXStreet)