Bloomberg Surveillance · Wednesday, July 29, 2026
Fed Governor Chris Waller's earlier statement about confronting inflation directly appears to be at odds with the Federal Reserve's recent decision to hold interest rates steady. Analysts highlighted Waller's comment, 'Staring at inflation until it mounts before our withering gaze is not an option,' in the context of the Fed's current policy.
“And allow me to quote another central banker, and this is the FED governor on the board right now, Chris Waller, going into the quiet period, he made this statement, Stanley's staring at inflation until it mounts before our withering gaze is not an option, Bramo, Is it an option?”
“So what I love from Renaissance and Macro from Neil Duddy came over and he said, worsh judgment is this is a period of watchful thinking. So I guess the withering gaze is an option. Because ultimately, Kevin worsh could not answer the question, if you still believe that inflation is a problem, why did you not hike today? He could not answer that question, what would make you hike?”