The data version of Godzilla versus Kong - FRED takes on AI
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key paragraphs regarding AI's impact on payments.
- 03Vote split: No vote-record change.
From the original
Speech by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at "Navigating trust, AI and storytelling in a world of data", FRED Con 2026, Federal Reserve Bank of St. Louis, St. Louis, Missouri, 1 October 2026.
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Christopher J Waller: Update on Federal Reserve Bank operations
The desk maintains a bullish outlook on the USD, driven by the Federal Reserve's recent operational updates and a tightening monetary policy stance. Per the full note [source], Christopher J. Waller emphasized the Fed's commitment to combating inflation, suggesting that interest rates may remain elevated for an extended period. This aligns with our expectation of a stronger dollar as traders position for continued rate hikes, with the consensus target for USD appreciation set at 1.075 against the euro.