Fed's Waller: Still More Work to Do on Inflation

The video discusses the current state of core inflation, which remains above the 2% target. It explains different measures of inflation, such as CPI and PCE, and highlights the lack of progress towards the inflation goal. The economic outlook remains unchanged from the last FOMC meeting, and monetary policy needs further tightening. Financial conditions have tightened, the labor market is strong, and future policy will depend on incoming data on inflation, the real economy, and credit conditions.

What does core inflation indicate about the current economic situation?

What is the speaker's target for inflation, and how does the current rate compare?

How does the speaker interpret the current inflation data?

What factors are influencing the monetary policy decisions mentioned by the speaker?

What does the speaker suggest about the labor market and its relation to inflation?