The Fed official who correctly predicted inflation could fall without a recession

Federal Reserve governor Christopher Waller was one of the few top economists who correctly predicted that the central bank could drive down inflation without causing a spike in unemployment. He is now the most prominent Fed voice in favor of lowering interest rates.

Waller, first nominated to the post by President Donald Trump in 2019, has become one of the most closely watched Fed officials, in part because of his apparent prescience about the policy path to bringing down inflation without nuking the jobs market.

Further increasing intrigue despite being one of the more hawkish Fed officials during the peak of the post-pandemic inflation wave, Waller is now one of two Fed board members who dissented at the last Fed meeting and called for rates to

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