
By Michael S. Derby
NEW YORK, Oct 16 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday he doesn’t see a need to take monetary policy into stimulative territory despite job market worries.
With inflation moving back to target and the job market softening, with monetary policy “you want to kind of bring it back towards neutral. It doesn’t mean you go below and you want to stimulate” the economy with low short-term interest rates.