Fed's Waller Predicts Potential Rise in Long-Term Interest Rates

Federal Reserve Governor Christopher Waller discussed the potential future rise of the R-star interest rate, which influences monetary policy, at the Reykjavik Economic Conference. He noted that while R-star has declined due to various factors, demographic shifts and increased U.S. Treasury borrowing could push it higher. Waller emphasized the uncertainty in measuring R-star and its limited impact on near-term policy decisions, while also affirming the U.S. dollar's continued dominance in global finance.