Chris Waller

While I judge that the FOMC should have begun this process in July based on the data in hand, I don't believe that a cut of larger than 25 basis points is needed in September.

Now, that view, of course, could change if the employment report for August, due out a week from tomorrow, points to a substantially weakening economy and inflation remains well-contained.

I feel like an MMA fighter who keeps getting inflation in a chokehold, waiting for it to tap out, yet it keeps slipping out of my grasp at the last minute.

I feel like an MMA fighter who keeps getting inflation in a chokehold, waiting for it to tap out, yet it keeps slipping out of my grasp at the last minute.

I feel like an MMA fighter who keeps getting inflation in a chokehold, waiting for it to tap out, yet it keeps slipping out of my grasp at the last minute.