Waller says the US economy is strengthening and inflation has not improved

Federal Reserve Chair Walsh stated that since Federal Reserve policymakers last met in June, the US economy has strengthened, the labor market is essentially at full employment, while the inflation trend has shown no improvement. Walsh said, “Even just in the past few weeks, I believe there is now broad data indicating the economy has indeed strengthened. The underlying drivers of economic growth are improving. The problem lies with inflation, as the issue of price stability has persisted for more than five and a half years.”