Just as the U.S. monetary policy tightening roadmap emerges right now, one Federal Reserve governor doesn’t believe the central bank faces a world as ugly as the last time it faced them. with such high inflation.
Therefore, the Fed does not need to take the same steps as it did under former leader Paul Volcker, when he took extremely aggressive action to destroy inflation, thereby triggering an extremely deep recession. , Fed governor Christopher Waller said in a public appearance Tuesday.
https://www.wsj.com/articles/derbys-take-fed-governor-explains-why-volcker-strategy-isnt-needed-now-11652434202?mod=pls_whats_news_us_business_f Derby’s Take: Fed Governor Explains Why Volcker Strategy Isn’t Needed Now