See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

The Fed Governor Who Proved Larry Summers Wrong

Posted on AllSides February 28th, 2024
From The Center

Federal Reserve governor Christopher Waller laid out a novel economic framework two years ago showing how the central bank could bring inflation back to its 2% target without the usual jump in unemployment, stirring furious pushback from economic heavyweights.

Two years later, with inflation edging closer to 2% and unemployment still near a half-century low, Waller is looking prescient. It is one of the reasons the academic economist-turned-central banker is one of the Fed’s most closely watched officials and a name now floated to chair the Fed one day.

In recent years, Waller has been...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right