The Battle Against Inflation's Unseen Enemy: Waller's Cautionary Warning Federal Reserve Governor Christopher Waller has cautioned against a reflexive response to inflation, urging policymakers to avoid making the same mistakes of the past.
Speaking in New York on Monday, Waller expressed concern about persistent upward pressure on prices but also emphasized the need for careful consideration.
Waller's comments have been framed as a warning against "fighting the last war," a phrase that captures the Fed's attempts to navigate the complex and often unpredictable nature of inflation.