New Fed Chair Waller: Leading a Reform-Oriented Federal Reserve
On May 23, Waller was sworn in as the 17th Chair of the Federal Reserve at the White House on Friday. Waller stated, "The mission of the Federal Reserve is to promote price stability and full employment." He said, "When these goals are pursued with wisdom and clarity of thought, independence and determination, inflation can be reduced, economic growth can be stronger, real wages can be higher, and America can be more prosperous. Equally important, America's position in the world will be more secure." He added, "To fulfill this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, breaking free from static frameworks and models, while upholding clear standards of integrity and performance."
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